Announced
Completed
Synopsis
John B. Sanfilippo & Son, a processor, packager, marketer and distributor of snack bars, dried cheese, and nut & dried-fruit based products, completed the acquisition of the Lakeville manufacturing facility and snack bars business from TreeHouse Foods, a private label food and beverage manufacturer, for $61m. “This is a momentous day for our Company as we close the largest and most transformational acquisition in our history. This acquisition significantly accelerates our product diversification strategy and allows us to offer our private label customers a complete offering of snack bars. I would like to officially welcome the approximately 400 employees of the Lakeville facility to the JBSS family. We look forward to working with this talented team to profitably grow the snack bar business and deliver long-term shareholder value,” Jeffrey T. Sanfilippo, John B. Sanfilippo & Son CEO.
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