Clayton Dubilier & Rice, an American private equity company, completed the acquisition of Shearer’s Foods, a contract manufacturer and private label supplier in the snack industry, from Ontario Teachers’ Pension Plan Board, a pension fund. Financial terms were not disclosed. "The closing of this transaction is a testament to Shearer's differentiated capabilities and category leadership in salty snacks and cookies and crackers products. CD&R's understanding of our business, values and vision, combined with their strategic, operating and functional expertise, creates an incredible opportunity for Shearer's to accelerate our growth trajectory," Mark McNeil, Shearer’s Foods CEO.