NSRGY - Simply Good Foods Company To Acquire Quest Nutrition
Quick Take
The Simply Good Foods Company (SMPL) announced it has agreed to acquire Quest Nutrition for $1 billion.
Quest Nutrition is a healthy lifestyle snacks brand.
With the deal, SMPL is gaining a fast-growing group of brands focused on younger demographics and within the fast-growing nutritional snack industry.
Target Company
El Segundo, California-based Quest Nutrition was founded in 2010 as a healthy lifestyle food brand whose strategy is to manufacture its snacks with high protein levels, minimal sugars and carbohydrates.
Management is headed by President and CEO Dave Ritterbush, who has