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New Deal


Announced

Second Nature Brands to acquire Sahale Snacks from The J.M. Smucker Company for $34m.

Financials

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Transaction Value£27m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Food Products

healthy snacks

Acquisition

Domestic

Private

Majority

Pending

Single Bidder

food producer

Friendly

Synopsis

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Second Nature Brands, a creator of snacks and treats, agreed to acquire Sahale Snacks, manufacturer and marketer of nut and fruit snack mixes, from The J.M. Smucker Company, a food manufacturer, for $34m. "Sahale Snacks adds a fantastic super-premium product to our range, considerably broadens our snack mix & nut portfolio and unlocks significant new opportunities for us to help grow the category, which we are very excited about. On completion, we look forward to welcoming 100 new colleagues to the Second Nature Brands team and see significant opportunity to build on their success to date to drive innovation, brand penetration and growth," Victor Mehren, Second Nature Brands CEO.

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