The Marzetti Company (Nasdaq: MZTI) has entered into a definitive agreement to purchase Bachan’s, Inc. for $400 million. The acquisition is expected to expand Marzetti’s product offerings and market presence. Legal advisory for Bachan’s was provided by Wachtell, Lipton, Rosen & Katz.
The transaction is subject to customary closing conditions and regulatory approvals. Once completed, the deal will integrate Bachan’s operations into Marzetti’s existing business framework.
**Why this matters**
This acquisition allows Marzetti to diversify its portfolio and strengthen its position in the food industry. For Bachan’s, the deal offers access to greater resources and distribution channels, potentially accelerating growth and innovation.
Source: NewsData