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Shearer’s Foods Owner Considering $3 Billion Sale

ShearerÔÇÖs chips on the shelf at Main Ave. Market in Massillon.
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Shearer’s Foods Potential Sale

MASSILLON ÔêÆ The majority owner of Shearer’s Foods is currently considering a sale valued at more than $3 billion, as reported by Reuters. The Ontario Teachers’ Pension Plan, which acquired a majority share of the snack food company in 2015, is working with Goldman Sachs Group Inc. on an auction, according to anonymous sources familiar with the matter. Shearer’s management, along with Chicago-based private equity firm Wind Point Partners, also holds stakes in the company.

In this situation, an AI legalese decoder could be beneficial. AI legalese decoder is a powerful tool that can interpret complex legal language and provide simplified explanations. When dealing with a potential sale of such magnitude, understanding the contractual terms, agreements, and legal jargon is crucial. The AI legalese decoder can assist parties involved in the sale to gain a better understanding of the legal implications and complexities, enabling them to make more informed decisions.

Shearer’s Foods has a rich history, tracing back to a family grocery store established in the early 1900s in Canton. The snack distribution company was founded in 1974 by Jack and Rosemary Shearer and their sons, Bob and Tom. Over the years, it has grown significantly and now operates approximately a dozen manufacturing plants across the nation.

As stated on the company website, Shearer’s Foods is the largest supplier of private brand salty snacks and the second-largest supplier of private brand cookies and crackers in North America.

Splish Splash Auto Bath

Splish Splash Auto Bath Re-Grand Opening

The Splish Splash Auto Bath located in Lake Township will be hosting a re-grand opening event after undergoing rebranding and remodeling. The event will take place on Saturday from 10 a.m. to 5 p.m. at 8584 Cleveland Ave. NW. Attendees can enjoy free washes, giveaways, and have the opportunity to contribute to St. Jude Children’s Research Hospital through a donation collection.

Splish Splash Auto Bath has been serving the community for over 20 years and was recently recognized with the “Best of 2023” award for self-service car washes by the North Canton Awards Program.

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