J.M. Smucker acquries Sahale Snacks

ORRVILLE, Ohio — The J.M. Smucker Co. will acquire Sahale Snacks, a privately held company located in Seattle. Sahale is a manufacturer and marketer of branded nut and fruit snacks.



Sahale's net sales are expected to be $50 million for 2014. The transaction includes a leased facility in Seattle and will add 150 employees to the company's roster. The deal is expected to close by the middle of September and should not have a material impact on the company's 2015 financial results, the company stated.



"This is an exciting acquisition and an excellent strategic fit for our Company," said Paul Smucker Wagstaff, president of U.S. retail consumer foods. "The addition of the Sahale Snacks premium lifestyle brand, and its portfolio of innovative and on-trend products, provides an established platform for growth in the snacking space."