Snack Maker Hearthside Prepares to File for Bankruptcy

Snack maker Hearthside Food Solutions is preparing to file for bankruptcy as soon as this week, according to people with knowledge of the matter, who asked not to be identified discussing a private matter.

The company, a contractor that makes and packages food such as granola bars and frozen burritos for well-known brands, has been negotiating a restructuring plan in which its private equity owners would hand over the keys to creditors, Bloomberg previously reported.

The workout talks come as Hearthside, which is owned by Charlesbank Capital Partners and Partners Group Holding AG, needs to tackle around $2 billion ...