John B Sanfilippo, a US nut snacks firm, has announced that it has acquired roasted nut and snack mix firm Squirrel Brand for $31.5 million. Squirrel Brand is described as one of the leading suppliers of roasted nuts and snack mixes under the Squirrel Brand and Southern Style Nuts brands. Products are sold through grocery chains, warehouse clubs and mass merchandisers, in addition to a number of other channels. Squirrel Brand is reported as posting net sales …
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John B Sanfilippo
Nut manufacturer John B Sanfilippo has reported a sales increase for the first half of its financial year, boosted by increased sales volumes. However profitability remains a mixed picture due to increased costs, Just Food reports. Sales to December 2013 sales rose to $401.8 up from $393.1m the previous year. Operating profit also saw an increase, rising to $28.7 from $28.3m, while net profit was up to $16m. However the …
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