CHICAGO — Harwood Private Equity has acquired Crest Foods from Brown Gibbons Lang & Co. Terms of the acquisition were not disclosed.

Harwood said the acquisition will enable it to lead Crest Foods into its next phase of growth.

Founded in 1946, Illinois-based Crest Foods is a provider of dairy stabilizers, contract packaging, and branded and private label dry food manufacturing.

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.

Crest Foods’ consumer products consist of outsourcing product development and turn-key manufacturing services for branded food companies.