M&A Deal Summary

Second Nature Brands Acquires Sahale

On September 27, 2023, Second Nature Brands acquired food company Sahale from J. M. Smucker for 34M USD

Acquisition Highlights
  • This is Second Nature Brands’ 3rd transaction in the Food sector.
  • This is Second Nature Brands’ largest (disclosed) transaction.
  • This is Second Nature Brands’ 3rd transaction in the United States.
  • This is Second Nature Brands’ 1st transaction in Washington.

M&A Deal Summary
Date 2023-09-27
Target Sahale
Sector Food
Buyer(s) Second Nature Brands
Sellers(s) J. M. Smucker
Deal Type Divestiture
Deal Value 34M USD

Target

Sahale

Seattle, Washington, United States
Sahale is a manufacturer and marketer of premium, branded nut and fruit snack mixes, sold across the US and internationally under the Sahale Snacks brand. Sahale was formed in 2003 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Second Nature Brands

Madison Heights, Michigan, United States
Category Company
Sector Food
DESCRIPTION

Second Nature Brands is a creator of snacks and treats that make lives better, naturally. By investing in new product development, thoughtful ingredient sourcing, and innovative business processes, Second Nature Brands is reimagining premium and better-for-you snacks and treats. Under its growing family of brands, Kar's Nuts, Second Nature Snacks, and Sanders Chocolates, Second Nature Brands has an extensive distribution network across the United States and a growing direct-to-consumer eCommerce presence. Second Nature Brands is based in Madison Heights, Michigan.

DEAL STATS #
Overall 3 of 4
Sector (Food) 3 of 4
Type (Divestiture) 1 of 2
State (Washington) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 Brownie Brittle

West Palm Beach, Florida, United States

Brownie Brittle sells baking and innovative brownie products across club stores, grocery, mass market retailers, convenience stores, specialty retail, and airlines. Its snacks are available in tens of thousands of stores in the US, Canada, Mexico, Korea, Japan, Australia, and the Caribbean. Brownie Brittle was formed in 1992 and is based in West Palm Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Voortman

Burlington, Ontario, Canada

Voortman is a manufacturer of cookies and wafers sold under the Voortman brand. Voortman offers quality cookies, using the finest, hand-selected ingredients. Voortman was founded in 1951 and is based in Burlington, Ontario.

Buy -

Seller(S) 1

SELLER

J. M. Smucker

Orrville, Ohio, United States
Category Company
Founded 1897
Sector Food
Employees7,300
Revenue 8.5B USD (2023)
DESCRIPTION

J. M. Smucker is a marketer and manufacturer of fruit spreads, retail packaged coffee, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk, and natural foods products. J. M. Smucker was founded in 1897 and is based in Orrville, Ohio.

DEAL STATS #
Overall 7 of 8
Sector (Food) 6 of 7
Type (Divestiture) 7 of 8
State (Washington) 1 of 1
Country (United States) 7 of 8
Year (2023) 1 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-11 Hostess Brands

Lenexa, Kansas, United States

Hostess Brands is a packaged food company focused on developing, manufacturing, marketing, selling and distributing fresh sweet baked goods in the United States. Hostess Brands was founded in 1919 and is based in Lenexa, Kansas.

Buy $5.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-17 J. M. Smucker - Fermented Food Condiment Brands

United States

J. M. Smucker's Fermented Food Condiment Brands provides Bick's® pickles, Habitant® pickled beets, Woodman's® horseradish, and McLarens® pickled onions.

Sell $20M
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