CD&R Acquires Shearer's Foods from Ontario Teachers'

Clayton, Dubilier & Rice (CD&R) has completed its acquisition of Shearer's Foods, a leading North American contract manufacturer and private‑label snack supplier, from Ontario Teachers' Pension Plan Board. Shearer's, headquartered in Massillon, Ohio with 17 manufacturing facilities across the U.S. and Canada, will partner with CD&R to scale operations and accelerate growth; terms were not disclosed.