J.M. Smucker to purchase Sahale Snacks

|About: J. M. Smucker Company (SJM)|By:, SA News Editor

J.M. Smucker (NYSE:SJM) has agreed to purchase Sahale Snacks, a maker of nut and fruit snacks, and expects to close the deal by the middle of September.

Seattle-based Sahale is expected to post sales of about $50M in 2014.

Sahale's owners include P-E firm Palladium Equity Partners, which bought a minority stake in 2007 and announced a follow-on investment in 2012.