Wyandot Snacks Receives Private Equity Investment

Private equity firm Astara Capital Partners, LLC, has made a majority investment in Wyandot Snacks, a Marion, Ohio-based contract manufacturer of snack foods and cereal. Terms of the transaction were not disclosed.

Dewey Armstrong, CEO of Wyandot, said the investment from Astara will allow his company to better serve its customers while also accelerating growth. Following the investment, Armstrong will continue to lead the company that was founded in 1936 by the Brown family. 

Lindsey Tannenbaum, partner of Astara, said, “As a result of the investment, Wyandot will benefit from being debt-free and having access to significant strategic, operational, and financial resources of Astara.” 

Fredrikson & Byron, P.A. served as legal advisor and Cascadia Capital LLC as financial advisor to Astara.