NEW YORK, NEW YORK – June 3, 2014 – Goldman Sachs and Vestar Capital Partners announced today that they have completed their acquisition of Hearthside Food Solutions, the largest independent bakery and contract food manufacturer in North America. The transaction was previously announced on March 19, 2014; terms were not disclosed. Goldman Sachs and Vestar will own equal stakes in the company going forward.

Affiliates of Barclays Capital and Goldman Sachs provided commitments for the debt financing for the transaction. Davis Polk & Wardwell LLP acted as the legal advisor to Goldman Sachs and Vestar in this transaction.

About Hearthside Food Solutions

Hearthside Food Solutions, headquartered in Downers Grove, Illinois, is the nation’s largest independent bakery and a full-service contract manufacturer of high quality, grain-based food and snack products for many of the world’s leading premier brands. Hearthside offers a diverse product portfolio focused on four main platform categories – bars, cookies/crackers, granola/cereals, and snacks. Hearthside operates 20 food-manufacturing facilities in eight states. For more information on Hearthside Food Solutions, visit www.hearthsidefoods.com.