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MASSILLON − The majority owner of Shearer’s Foods is considering a sale valued at more than $3 billion, according to Reuters.
The Ontario Teachers’ Pension Plan, which bought a majority share of the snack food company in 2015, declined to comment when contacted by The Canton Repository. A message to Shearer’s Foods was not returned.
The news agency, which cited anonymous sources familiar with the matter, reported that the pension group is working with Goldman Sachs Group Inc. on an auction. Shearer’s management and the Chicago-based private equity firm Wind Point Partners also own stakes in the company.
Shearer’s Foods traces its roots to a family grocery store that opened in the early 1900s in Canton. Jack and Rosemary Shearer and their sons, Bob and Tom, founded the snack distribution company in 1974 that now has about a dozen manufacturing plants across the nation.
According to the company website, “Shearer’s is the largest supplier of private brand salty snacks and the second-largest supplier of private brand cookies and crackers in North America.”
Splish Splash Auto Bath re-grand opening
The Splish Splash Auto Bath in Lake Township will host a re-grand opening Saturday after rebranding and remodeling.
The event will be 10 a.m. to 5 p.m. at 8584 Cleveland Ave. NW, according to a company representative. It will include free washes, giveaways and a donation collection for St. Jude Children’s Research Hospital.
Splish Splash Auto Bath has been serving the community for more than 20 years and recently received the North Canton Awards Program “Best of 2023” award for self-service car washes.
AWP Safety makes acquisitions
AWP Safety, a traffic management company based in Jackson Township, has acquired RHV Capital’s Traffic Control Group and Texas Traffic and Barricade. The company now has 163 locations and more than 7,800 employees in 28 states and four Canadian provinces.
The Traffic Control Group includes Arrive Alive Traffic Control in Orlando, Florida; Give ‘Em a Brake Safety in Grand Rapids, Michigan; and Stay Alert Safety Services in Kernersville, North Carolina. Texas Traffic and Barricade is based in Pantego, Texas.
“AWP Safety continues to grow its scale and portfolio to manage complex customer needs across utility, broadband and transportation infrastructure,” Rob Sehnert, president and CEO of AWP Safety, said in a prepared statement. “This latest acquisition strengthens our existing leadership in worksite protection services, traffic control planning and equipment sales and rentals. We are extremely excited about the expertise, leadership and passion for safety the new companies bring to the AWP Safety family.”
Current leaders at the four acquired businesses will continue to provide regional oversight, the company said. Additional details about the terms of the acquisition were not disclosed.
Hill International Trucks to acquire Truck Sales & Service
Hill International Trucks, which is based in East Liverpool, announced that it will acquire Truck Sales & Service Inc. on Sept. 1.
Truck Sales & Service has full-service dealerships in Canton, Mansfield, Marietta, New Philadephia and Norwalk. The company sells, leases and rents International trucks and IC buses.
“An integral part of the identity of Hill International Trucks is found in our roots as a family-owned company,” fourth-generation owner Steve Hill said in a prepared statement. “As we grow, we take special care to remember where we came from and how we were founded.”
Hill International Trucks has been in business for 126 years and has offered the International truck brand for 84 years. Truck Sales & Service has provided International trucks for 90 years, and both companies rank among the top 10 oldest International dealers, according to a news release.
The acquisition doubles the locations for Hill International Trucks, bringing its total to 10 locations in Pennsylvania and Ohio with International, IC bus and Idealease franchises. The company also owns six NAPA Auto Parts stores and one Ford dealership.
Reach Kelly at 330-580-8323 or kelly.byer@cantonrep.comOn Twitter: @kbyerREP
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