John B. Sanfilippo & Son shares are trading higher after the company announced it will acquire the Lakeville manufacturing facility and snack bars business from TreeHouse Foods.
Portfolio Pulse from Benzinga Newsdesk
John B. Sanfilippo & Son (JBSS) is set to acquire the Lakeville manufacturing facility and snack bars business from TreeHouse Foods. This has led to an increase in JBSS's share price.
September 06, 2023 | 7:15 pm
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John B. Sanfilippo & Son's acquisition of the Lakeville manufacturing facility and snack bars business from TreeHouse Foods has led to a rise in its share price.
The acquisition of the Lakeville manufacturing facility and snack bars business from TreeHouse Foods is a positive development for JBSS. This could potentially increase their production capacity and product range, leading to increased revenues in the future. As a result, investors are reacting positively, leading to a rise in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100