Monday April 12, 2010
Shearer's Finalizes Snack Alliance Acquisition
Brewster, OH — Shearer’s Foods, Inc. has acquired Snack Alliance, Inc., supplier of store-brand chips for Walmart Stores, Inc.
John Frostad, CEO of Snack Alliance, will join Shearer’s senior management team as vice-chairman and president of Canadian operations, the company says.
Additionally, Scott Smith will continue as president of Shearer&rsqup;s and Robert Shearer will add the title of chairman to his existing role as CEO.
Financial terms of the deal were not disclosed.