John B. Sanfilippo & Son Seeks Merger and Acquisition Opportunities
January 28, 2021 at 03:00 pm
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John B. Sanfilippo & Son, Inc. (NasdaqGS:JBSS) is seeking at opportunities in merger and acquisitions (M&A). During the 2021 second quarter earnings conference call, Jeffrey Sanfilippo, Chief Executive Officer, said that “we always look at M&A. we're always looking at companies. Nothing that has been that important or we felt was that strategic that made sense for us at this point, or perhaps pricing wasn't right. But we are continually looking at opportunities in M&A, whether it's a new capability that we currently don't have, it's a new product platform or it's got a brand that reaches a consumer that we currently don't reach. A lot of opportunities and strategies we have in M&A, and we'll continue to look at them. Just nothing that made sense up till now”.
John B. Sanfilippo & Son, Inc. is a processor and distributor of peanuts, pecans, cashews, walnuts, almonds and other nuts in the United States. Its nuts are sold under its Fisher, Orchard Valley Harvest, Squirrel Brand and Southern Style Nuts brand names and under a variety of private brands. It also markets and distributes a diverse product line of food and snack products, including peanut butter, almond butter, cashew butter, candy and confections, snack and trail mixes, nutrition bars, snack bites, sunflower kernels, dried fruit, corn snacks, chickpea snacks, sesame sticks and other sesame snack products under its brand names and under private brands. Its products are raw and processed nuts. The nut product line includes almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts and filberts. Its products are sold through food retailers in the consumer channel, commercial ingredient users and contract packaging customers.
JOHN B. SANFILIPPO & SON, INC. 
