Wind Point Partners acquires Evans Food Group
Wind Point Partners, a Chicago-based private equity firm, said it acquired Chicago-based Evans Food Group and its subsidiaries. Evans Food Group is a manufacturer of branded and private label pork rind snacks. The company has a presence in the Untied States and Canada, as well as in 13 countries throughout Latin America and Asia.
Wind Point said it is partnering with Jose Luis Prado, who will join Evans Food Group as Chairman and CEO. Prado has 30 years of experience in the global snacks industry with PepsiCo, most recently serving as president of Quaker Oats North America. Prado and Wind Point will work closely with Evans Food Group's Co-Founder and Chairman Alejandro Silva, who will serve on the board of directors.
“Wind Point’s partnership with Jose Luis — a top caliber global executive in the food industry — along with our proven track record and depth of experience in food investments, creates an excellent opportunity to drive continued growth at Evans," said Mark Burgett, a managing director at Wind Point. "We are excited to work with Jose Luis and the Evans team to continue writing Evans’ and Wind Point Partners’ success stories.”
Wind Point said its most recent food investments include Gehl Foods (acquired in March 2015), Shearer’s (sold to Ontario Teachers’ Pension Plan in January 2015), Hearthside Food Solution (sold to Goldman Sachs and Vestar Capital in June 2014), Rupari Foods (acquired in July 2011) and Nonni’s (acquired in February 2011).