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November 16, 2020

Hearthside Food Solutions adds capacity at US plant

Hearthside Food Solutions, an investor-backed contract manufacturer in the US, plans to add a new production line to one of its facilities.

By Dean Best

Hearthside Food Solutions, an investor-backed contract manufacturer in the US, plans to add a new production line for crackers at a facility in Indiana.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

The baked goods, ready-meals and nutrition snack bar co-packer headquartered in Illinois will invest US$13.6m in the site in Michigan City to install a processing, oven and new packaging line. The project will create 50 jobs, according to a statement from the Economic Development Corporation Michigan City (EDCMC). 

“Our team is ready to build on, and accelerate the momentum we have put into place over the years in Michigan City,” said Bob Wojcik, Hearthside’s Michigan City plant manager. “Our production line allows us to position our company in an even stronger spot within our industry while providing new jobs for Michigan City community members.” 

Hearthside was acquired in 2018 by private-equity firms Charlesbank Capital Partners and Partners Group from Goldman Sachs and Vestar Capital Partners for an undisclosed sum. Founded in 2009, the company runs 38 production facilities, including three in Europe, and snapped up the US operations of Irish convenience food group Greencore two years ago.

The business also produces frozen and fresh foods and cereals, and is a co-packer “for many of the world’s premier brands”.

“Hearthside has continued to build on its base here in Michigan City as well as evolve to meet industry needs and flourish as a food contract manufacturer,” said Clarence Hulse, an executive director at EDCMC.   

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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