M&A Deal Summary |
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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 |
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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 |
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 | - |
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 | - |
Category | Company |
---|---|
Founded | 1897 |
Sector | Food |
Employees | 7,300 |
Revenue | 8.5B USD (2023) |
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 |
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 |
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 |