Food & Beverage M&A » By The Online Investor Staff, updated Thu., Aug. 6, 3:48 PM
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 which it markets nationally to the food service and retail supermarket industries. Co.'s business segments are: Food Service, which sells soft pretzels, frozen juice treats and desserts, churros, dough enrobed handheld products and baked goods; Retail Supermarkets, which sells soft pretzel products, frozen juice treats and desserts, frozen fruit bars and sorbet, and dough enrobed handheld products including burritos; and Frozen Beverages, which sells frozen beverages to the food service industry and also 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) 38th percentile
(ranked lower than approx. 62% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
