Iris Dorbian

Wind Point Partners said Wednesday that two of its portfolio companies, Hearthside Food Solutions and Ryt-way Industries, will be merging in late May. The transaction will create a contract food producer in North America with over $1 billion in sales and 19 facilities in seven states. Based in Downers Grove, Ill., Hearthside Food Solutions is the largest independent bakery in the U.S. Ryt-way, which is in Lakeville, Minn., is a provider of packaging equipment solutions to food and consumer brands.

Pinebridge Investments has named Wael Aburida as its CIO. Aburida will helm PineBridge's MENA private equity team. Previously, Aburida was a director of M&A at Waha Capital.

The National Venture Capital Association has elected Josh Green to serve as its 2013-2014 chairman of the board of directors. Green is general partner of Mohr Davidow Ventures. Also VCA added the following as new directors to its board: Scott Kupor, Andreessen Horowitz; Sue Siegel, GE healthymagination; John Backus, New Atlantic Ventures; Art Pappas, Pappas Ventures; Mark Leschly, Rho Capital Partners; and Jim Healy, Sofinnova Ventures. And NVCA also named Scott Sandell, general partner at New Enterprise Associates, as chair-elect for the 2014-2015 year.

IdX has received a $35 million loan from LBC Credit Partners. IdX, a portfolio company of ACON Investments, is a producer of retail display fixtures. It is based in St. Louis, MO.