Second Nature Brands Acquires Voortman Cookies for $305 Million
The acquisition from J.M. Smucker aims to expand Second Nature's presence in the cookie market across the U.S. and Canada.
- Second Nature Brands, known for Sanders Candy and Kar's Nuts, will integrate Voortman into its portfolio, enhancing its 'better snacking' offerings.
- The deal includes all Voortman trademarks and a leased manufacturing facility in Burlington, Ontario, along with 300 employees.
- J.M. Smucker's sale of Voortman is part of a strategy to focus on core brands like Hostess, Jif, and Folgers.
- Voortman's expected net sales for 2025 are projected to surpass $150 million, contributing significantly to Second Nature's growth.
- The transaction is anticipated to close by April 2025, with proceeds helping Smucker reduce its debt load.