Sanfilippo purchases Just the Cheese snack brand
US nut processor, John B. Sanfilippo & Son, has purchased “substantially all of the assets” of the Just the Cheese brand from Specialty Cheese Company.
Just the Cheese is a baked cheese snacking brand, offering 100% real cheese snack bars and crisps. The products are sold online and in retail outlets.
Jeffery Sanfilippo, CEO of Sanfilippo & Son, said: “The acquisition of Just the Cheese, which currently will not have a significant impact on our financial results, will provide us [with] a product that expands our portfolio into new snacking categories”.
He continued: “Additionally, the assets and capabilities acquired will be complementary to our existing product portfolio and are expected to lead to exciting innovation opportunities”.
The purchase was funded through Sanfilippo & Son’s existing bank credit facility.
Terms of the acquisition deal were not disclosed.
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