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October 21, 2019

Hearthside Food Solutions promotes Chuck Metzger to CEO as Rich Scalise steps aside

Hearthside Food Solutions has made an internal promotion to replace founder and chief executive Rich Scalise.

By Dean Best

Hearthside Food Solutions has promoted Chuck Metzger to head up the US-based snacks business as chief executive to replace founder Rich Scalise, who will sit as chairman of the board.

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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
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Scalise commented: “The addition of Chuck Metzger to our management team has allowed us to execute our long-term succession plan and I am now stepping back from day-to-day leadership to focus my efforts on strategy and M&A as the chairman of the board. I am proud of the business we have built over the last 10 years and excited to have such an operationally talented leader in Chuck Metzger to lead Hearthside in this next chapter of growth.”

Illinois-based Hearthside was acquired by private equity funds Charlesbank Capital Partners and Partners Group in the spring of last year, when the company went on to purchase the US operations of Irish convenience good group Greencore. Hearthside is a contract manufacturer of nutrition and snacks bars and also provides packaging for leading consumer brands.

Metzger, who was serving as the firm’s chief operating officer, previously spent five years at Greencore in the US and also Greencore-affiliated Peacock Foods as COO. He has also worked at the Coca-Cola Company and spent 23 years at what was once Kraft Foods before it was merged with H.J. Heinz to become Kraft Heinz. 

Ryan Carroll, the managing director at Charlesbank, added: “We had the opportunity to partner with Chuck during our investment in Peacock Foods and he has demonstrated, across his career, a strong mix of operational savvy, customer focus, and an ability to build effective teams. We look forward to continuing to work with Chuck and Rich to help Hearthside achieve its long-term potential.”   

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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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