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The Simply Good Foods Company, listed on NASDAQ as SMPL, will participate in a fireside chat at the Goldman Sachs Global Staples Forum on May 14, 2024. The event will feature key members of the company's management team discussing their branded nutritional foods and snacking products. The live webcast can be accessed on the company's website.
The Simply Good Foods Company (Nasdaq: SMPL) is acquiring Only What You Need (OWYN) for $280 million in cash, a move that adds a fast-growing RTD protein shake brand to its portfolio. OWYN, a leading plant-based RTD protein shake brand, will enhance Simply Good Foods' presence in the market. OWYN is expected to achieve net sales of approximately $120 million in 2024. The acquisition is aimed at accelerating profitable growth, increasing distribution, and leveraging shared R&D expertise. The deal is expected to close by the end of fiscal year 2024.
