John B. Sanfilippo & Son acquires Just the Cheese brand, terms not disclosed

John B. Sanfilippo & Son announced that it has purchased substantially all of the assets of the Just the Cheese brand business from Specialty Cheese Company, Inc. The acquisition was funded through the company’s existing bank credit facility. "The acquisition of Just the Cheese, which currently will not have a significant impact on our financial results, will provide us a product that expands our portfolio into new snacking categories. Additionally, the assets and capabilities acquired will be complimentary to our existing product portfolio and are expected to lead to exciting innovation opportunities" said Jeffery T. Sanfilippo, Chief Executive Officer.