Marzetti to acquire Bachan’s for $400M

Marzetti (MZTI) announced that it has entered into a definitive agreement to acquire Bachan’s. Bachan’s net sales for the twelve months ended December 31, 2025, were approximately $87M. The purchase price for the transaction is $400M, subject to customary adjustments, and we intend to fund the acquisition with cash on hand and additional financing. The transaction is expected to close prior to our fiscal year end date of June 30, subject to regulatory approval and other customary closing conditions.