Hearthside Food Solutions, a privately held manufacturer of packaged foods, snacks and baked goods with 25 production facilities in 13 states has filed for Chapter 11 bankruptcy.  The company was established in 2009 and was acquired in 2018 by Charles Bank and Partners Group. 

The filing will allow the company to eliminate $1.9 billion in debt and acquire new capital.      H-Food Holdings LLC, the parent company of Hearthside, will acquire $300 million of debt-in-possession financing to cover operating expenses to ensure ongoing production and to retain employees and customers.

After restructuring, it is intended that Hearthside will emerge from Chapter 11 during the first quarter of 2025.

In February 2023, the company was the subject among others, of employing underage migrant workers resulting in degradation of reputational and brand image among customers.