J.M. Smucker Bids Farewell To Sahale Snacks: A $34M Deal To Usher In New Growth
Portfolio Pulse from Lekha Gupta
J.M. Smucker Company (NYSE:SJM) has agreed to sell its Sahale Snacks brand to Second Nature Brands for approximately $34 million in an all-cash deal. The transaction includes all trademarks, a leased manufacturing facility in Seattle, and about 100 employees. The company expects the impact of the divestiture to be immaterial on its adjusted EPS on a full-year basis. The deal is expected to close in Q3.
September 28, 2023 | 10:36 am
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J.M. Smucker's sale of Sahale Snacks is part of its strategy to optimize its portfolio and resources. The company does not expect the deal to materially impact its full-year adjusted EPS.
The sale of Sahale Snacks is part of J.M. Smucker's strategy to optimize its portfolio and resources. However, the company does not expect this transaction to have a significant impact on its full-year adjusted EPS, suggesting that the financial impact of the deal is relatively small. Therefore, the short-term impact on the company's stock price is likely to be neutral.
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