snack bars and ingredients

Sanfilippo Purchases Treehouse’s Snack Bars Business for $63 Million

Sept. 6, 2023
Acquisition of the snack bars product line and Lakeville, Minn., processing plant diversifies Sanfilippo’s category product offerings.

John B. Sanfilippo & Son Inc. has agreed to acquire the snack bars business, including a processing plant in Lakeville, Minn., from Treehouse Foods Inc., according to a press release from the company. Sanfilippo will pay approximately $63 million cash for the business unit, which is expected to add roughly $105 million to $120 million in incremental net sales through the remainder of the 2024 fiscal year.

Jeffrey T. Sanfilippo, CEO, explained that the acquisition accelerates the company’s strategy in the growing snack bar category, diversifying its product portfolio by adding a wider variety of offerings to its nutrition bar line.

“We are excited about the opportunity to work with the talented team of associates in the Lakeville facility to grow the bar business together. We have a decades-long history of operational excellence and will implement a plan to integrate the facility and business into our current operations,” he said.

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.

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