CHICAGO — Harwood Private Equity has acquired Crest Foods, according to an announcement from Brown Gibbons Lang & Co., which served as the exclusive financial advisor to Harwood Private Equity. Terms of the acquisition were not disclosed. 

Crest Foods was founded in 1946 and is a provider of dairy stabilizers, contract packaging, and branded and private label dry food manufacturing, according to the company.

Crest Foods develops stabilizer formulations and recipes for dairy products in such applications as cottage cheese, cream cheese, yogurt, and dairy protein as well as plant-based beverages.

In its contract packaging unit, Crest Foods provides packaging services to branded and private label dry food companies.