The Simply Good Foods Company to acquire Quest Nutrition for $1bn.

The Simply Good Foods Company, a developer, marketer and seller of branded nutritional foods and snacking products, agreed to acquire Quest Nutrition, a healthy lifestyle food company, for $1bn. "The acquisition of Quest strengthens Simply Good Foods’ position within the nutritional snacking category by expanding our portfolio of brands and product offerings while also providing us with greater consumer and channel diversification," Joseph E. Scalzo, Simply Good Foods President and Chief Executive Officer.