 |
C Street Advisory Group is providing strategic communications counsel to Hearthside Foods Solutions contract food manufacturer as it files Chapter 11 in a bid to “right size” its balance sheet.
The restructuring will cut more than $1.9B in debt from Hearthside’s books, and pump about $200M in new capital into the Downers Grove, IL-based company.
CEO Darlene Nicosia, a Coke, Kraft and PepsiCo veteran who took Hearthside’s helm in August, said her team is ready to transform the company for a bright future.
Chapter 11 protection will enhance Hearthside’s “leadership in the food manufacturing industry as we drive continued innovation and growth,” said Nicosia.
Hearthside, which produces baked goods, snacks and nutrition bars, is the industry’s largest private bakery with 28 facilities and 12,000 workers.
It expects to emerge from Chapter 11 during the first quarter of 2025.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
Trailrunner International is handling Axum Capital Partners’ move to acquire a controlling interest in BARCODE, a performance hydration brand, in partnership with NBA All-Star Victor Wembanyama.
