date:Oct 28, 2013
Wind Point has asked Barclays Plc to run an auction for Hearthside, hoping it can fetch more than $1 billion, the people said, asking not to be identified as the sale process is confidential.
Hearthside has earnings before interest, tax, depreciation and amortization of around $120 million, two of the people added.
Wind Point and Hearthside did not respond to requests for comment while Barclays declined to comment.
Hearthside produces baked foods and snacks out of 20 manufacturing facilities