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Transaction Expected to be Net Income (Loss) Accretive in 2022
Management to Host Prepared Remarks at 8:30 am ET Today
Laird Superfood, Inc. (NYSE:LSF) ( Laird Superfood or the Company ) today announced that on May 3, 2021 it entered into a definitive agreement to purchase all of the equity interests of fellow Central-Oregon based Picky Bars, LLC, innovators in the healthy snack industry focused on nutritionally balanced, real-food products to fuel performance, for a total purchase price of $12.0 million in cash and stock subject to a customary post-closing working capital adjustment. The transaction closed simultaneously with execution. The transaction represents an acquisition multiple of approximately 1.2x estimated 2022 revenue. Laird Superfood expects the transaction to be supportive of its path to an improving gross margin profile and accretive to the net income (loss) of Laird Superfood in 2022 and beyond. In 2021, the Company does not expect the transaction to hav
Laird Superfood of Sisters acquires Bend’s Picky Bars for $12 million
SISTERS, Ore. (KTVZ) One popular Central Oregon-based healthy food-maker Laird Superfood of Sisters is acquiring another Bend s Picky Bars for $12 million, the two companies announced Tuesday.
In a news release, Laird Superfood said it entered into a definitive agreement Monday to purchase all of the equity interests of fellow Central-Oregon based Picky Bars, LLC, innovators in the healthy snack industry focused on nutritionally balanced, real-food products to fuel performance, for $12 million in cash and stock, subject to a customary post-closing working capital adjustment.
The transaction closed simultaneously with execution. The transaction represents an acquisition multiple of approximately 1.2x estimated 2022 revenue, Laird said.