TREEHOUSE FOODS, INC. John B. Sanfilippo & Son, Inc. (NasdaqGS:JBSS) signed a definitive agreement to acquire certain assets relating to the Snack Bars Business Unit of TreeHouse Foods, Inc. (NYSE:THS) for approximately $63 million on September 5, 2023. The purchase price paid in cash, is subject to certain post-closing adjustments. The acquired assets include inventory, a manufacturing facility and related equipment located in Lakeville, Minnesota, and product formulas.
The transaction is expected to be dilutive to earnings per share for the next twelve to fifteen months after the closing of the acquisition. The purchase price for the acquisition will be funded from excess availability under John B. Sanfilippo & Son's current bank credit facility. The acquisition is expected to close within the next 30 days, subject to customary closing conditions.
