September 21, 2014 1:32 PM ET

Food Products

Company Overview of Shearer's Foods, Inc.

Company Overview

Shearer's Foods, Inc. produces, warehouses, and distributes snack food products. The company offers sliced and rippled potato chips, kettle cooked and traditional potato chips, tortilla chips, rice crisps, whole grain chips, whole grain extruded chips, pretzels, pork rinds, dips, and salsas; and other extruded products, such as cheese curls and puff corn. It sells its products through online store; and through its outlet store, private label customers, retail partners, and a network of distributors in the Midwest United States, Canada, and internationally. Shearer's Foods, Inc. was formerly known as Brookside Distributing Co. The company was founded in 1974 and is based in Brewster, Ohio wit...

692 Wabash Avenue North

Brewster, OH 44613

United States

Founded in 1974

Phone:

330-767-3426

Fax:

330-834-4047

Key Executives for Shearer's Foods, Inc.

Chairman and Chief Executive Officer
Age: 50
Chief Financial Officer
Vice Chairman and President of Canadian Operations
Vice President and Corporate Controller
Executive Vice President and Chief Commercial Officer
Compensation as of Fiscal Year 2014.

Shearer's Foods, Inc. Key Developments

Shearer's Foods to Invest $4.75 Million to Expand its Operations in Bristol, Virginia

Shearer's Foods will invest $4.75 million to expand its operations in Bristol, Virginia. As a part of the expansion, the firm announced that it plans to add a tortilla chip line at its plant to better serve its customers in the Southeast US. The Bristol operation currently has 275 employees and manufactures a range of tortilla and potato chip products.

Shearer's Foods, Inc. and Chip Finance Corp. Raises $235 Million in Private Placement of Senior Notes

Shearer's Foods, Inc. and Chip Finance Corp. issued $235 million of senior secured notes in the 144a private placement market. The size of the deal was increased from the originally planned $210 million. The notes will mature on November 1, 2019, carrying a coupon of 9% and are priced at 100% of the principal amount to yield 9%.

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