Smart for Life Announces LOI To Acquire State-Of-The-Art Manufacturer Of Vitamins And Supplements; Expected To Add An Estimated $20M Of Revenue On A Pro Forma Basis Over The Next Year
Portfolio Pulse from Benzinga Newsdesk
Smart for Life, Inc. (SMFL) has announced a Letter of Intent to acquire a manufacturer of vitamins and supplements, which is expected to contribute approximately $20 million in revenue over the next year. This acquisition aligns with the company's M&A strategy in the nutraceutical space and is anticipated to be the largest to date. The acquisition is expected to bring manufacturing capabilities in-house, create synergies with existing channels and brands, and be accretive to Smart for Life's operations. The completion of the acquisition is contingent upon due diligence and other closing conditions.
December 04, 2023 | 1:42 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Smart for Life's intended acquisition of a vitamin and supplement manufacturer is expected to significantly increase revenue and operational efficiency.
The acquisition is directly related to SMFL's core business and is expected to be the largest to date, indicating a significant impact on the company's revenue and growth trajectory. The positive outlook is based on the expected revenue increase and operational efficiencies. However, the deal is still subject to due diligence and other closing conditions, which introduces some uncertainty.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100