Vestar Capital Partners LLC agreed to buy a minority stake in Chicago-based Simple Mills Inc., which specializes in clean-label baking mix, cracker and cookie products.
Vestar is a middle-market private equity firm targeting businesses in the consumer, healthcare and business services sectors.
Simple Mills will use the capital to support its new product development, brand building and distribution expansion initiatives.
The transaction, terms of which were not disclosed, is set to close in October.
