Second Nature Brands, a US-based creator of nutritional and better-for-you snacks and treats, and a portfolio company of private investment firm CapVest, is to acquire Sahale Snacks from The JM Smucker Co, for a total consideration of $34m.
With net sales of more than $48m, Sahale manufactures branded nut and fruit snack mixes, sold across the US and internationally under the Sahale Snacks brand. The transaction will include all trademarks, as well as the Sahale Snacks leased manufacturing facility in Seattle, Washington, with approximately 100 employees set to transition to Second Nature Brands on completion of the deal.
Headquartered in Michigan, Second Nature Brands owns a growing portfolio of brands including: Kar’s Nuts, Second Nature Snacks, Sanders, and Brownie Brittle, which Second Nature Brands acquired in December 2022.
The transaction is anticipated to close in the third quarter of The JM Smucker Co current fiscal year, ending April 30, 2024, subject to customary closing conditions.
