AcquisitionsMay 1, 2026, 04:37 PM
Marzetti Completes $400M Acquisition of Bachan's, Funds with $200M Loan
AI Summary
The Marzetti Company has successfully completed its $400 million acquisition of Bachan's, Inc., a fast-growing Japanese Barbecue Sauce brand. This strategic move is expected to strengthen Marzetti's position in the condiment and sauce category, leveraging its distribution network and culinary expertise for future growth. The acquisition was partially financed by a new $200 million term loan, with the remainder covered by cash on hand.
Key Highlights
- Marzetti completed the acquisition of Bachan's, Inc. for $400 million.
- The acquisition was partially funded by a new $200 million term loan.
- The remaining purchase price was covered by cash on hand.
- The term loan has a maturity date of April 29, 2031, with quarterly installments of $2.5 million.
- Bachan's, Inc. reported net sales of approximately $87 million for the 12 months ended December 31, 2025.
- The acquisition is expected to strengthen Marzetti's position in the condiment and sauce category.