Simply Good Foods, a branded nutritional and snack foods firm, has announced it has reached an agreement to acquire the functional foods maker Quest Nutrition for $1.0 billion in cash. Quest Nutrition is described as being focused on creating snacks with high protein levels but minimal sugars and net carbohydrates. The firm’s product lineup includes snack bars, biscuits, savoury snacks, protein powders and pizzas. “The acquisition of Quest strengthens Simply …