Food & Beverage M&A » By The Online Investor Staff, updated Thu., Mar. 4, 2:12 AM
Recent mergers and acquisitions in the Food & Beverage M&A category.
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Slide #35. J & J Snack Foods Corp. — New York Pretzel
Acquirer:
J & J Snack Foods Corp. (NASDAQ:JJSF)
Acquiree:
New York Pretzel
Details:
J & J Snack Foods Corp. (Nasdaq: JJSF) announced today that it has acquired the assets of New York Pretzel. New York Pretzel, located in Brooklyn NY, produces soft pretzel products sold primarily in the north east region to both retail and food service locations. The Company did not disclose the purchase price or the revenues of New York Pretzel.
J&J Snack Foods manufactures snack foods and distributes frozen beverages. Co.'s business segments are: Food Service, which sells soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods to the food service; Retail Supermarkets, which sells soft pretzel products, frozen juice treats and desserts, frozen fruit bars and sorbet, cups and sticks, SOUR PATCH sticks and ICEE Squeeze-Up Tubes to the retail supermarket channel; and Frozen Beverages, which sells frozen beverages to the food service industry and provides repair and maintenance service to customers for customers' owned equipment.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 30th percentile
(ranked lower than approx. 70% of all stocks covered)
Analysts' Target Price: JJSF Stock Forecast Based on Zacks ABR data; powered by Xignite |
