The J. M. Smucker Co. has announced it has signed an agreement to acquire Sahale Snacks Inc., a privately-held company headquartered in Seattle, Wash.
The J. M. Smucker Co. has announced it has signed an agreement to acquire Sahale Snacks Inc., a privately-held company headquartered in Seattle, Wash. Sahale is a manufacturer and marketer of premium, branded nut and fruit snacks, which are primarily sold in the United States under the Sahale Snacks brand.
Sahale’s net sales are projected to be approximately $50 million for the 2014 calendar year, primarily in the club, convenience, and grocery retail channels. The acquisition includes a leased facility in Seattle and will add approximately 150 employees to the company. The transaction, which is expected to close by the middle of September, is not anticipated to have a material impact on the company’s fiscal 2015 financial results.
“This is an exciting acquisition and an excellent strategic fit for our company,” said Paul Smucker Wagstaff, President, U.S. Retail Consumer Foods. “The addition of the Sahale Snacks premium lifestyle brand, and its portfolio of innovative and on-trend products, provides an established platform for growth in the snacking space.”