Mistral equity partners.

Private equity group Mistral Equity Partners has acquired Ohio-based snackfoods producer Shearer's Foods, for an undisclosed sum. Shearer's products, which include branded and private-label snackfoods such as potato chips, tortilla chips, pretzels, cheese curls/puffs, peanuts, popcorn, corn chips and other snacks, are distributed throughout the Midwest, New England states and parts of Canada. Mistral said the existing management team at Shearer's, headed by CEO Robert J. Shearer, would continue in their current positions and will be investors in the transaction along with other co-investors. The financial details of the deal and the precise shareholdings were not disclosed.