Smart for Life Progressing on Multiple Health Acquisitions
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Smart for Life Announces Update on Prospective Acquisitions
Company Negotiating Acquisition of Four Profitable Health & Wellness Targets
Multiple Exploratory Discussions Underway with Additional Acquisition Targets as Part of Phase 2 of the Company’s Post-Restructuring Initiatives
Acquisitions Timeline Expected to Accelerate After Company’s Filing of Form 10-K and 10-Qs
Smart for Life, Inc. (Nasdaq: SMFL) is a distinguished leader in the Health & Wellness sector specializing in the marketing and manufacturing of nutritional supplements and foods. The Company announced today the potential expansion of its acquisition pipeline and provided an update on its merger and acquisition activities.
The Company is currently negotiating the acquisition of four profitable Health & Wellness targets with several additional prospects in exploratory discussions as part of its post-restructuring initiatives. These acquisitions include the following:
Acquisition Targets
1. Purely Optimal Nutrition – This previously announced acquisition is in collaboration with Purely Optimal management, working on restructuring sales initiatives to improve profitability prior to closing.
2. Liquid Manufacturer – A contract manufacturer with sales of approximately $12 million, which was profitable in the prior fiscal year.
3. Established Supplement Brand – This target has historical sales of around $10 million annually, focusing on nutraceutical products.
4. Wholesale Manufacturer and Distributor – Generating revenue of about $8 million and profitable in retail channels.
“Smart for Life is committed to pursuing revenue and earnings growth through the acquisition of profitable companies focused on nutritional supplements and functional foods,” stated A.J. Cervantes, Jr., Chairman of Smart for Life. “Although our acquisition activity paused during our restructuring initiatives, we are now aggressively advancing M&A activities. Upon completing our forthcoming filings, we intend to significantly ramp up these efforts, building on the potential acquisitions identified.”
The Company is targeting profitable companies in the nutraceutical industry, seeking both domestic and prospective foreign acquisitions, with a preliminary focus on those generating between $5 million and $25 million in annual revenue. Targets should be committed to innovation, high-quality standards, organic growth, and interested in partnering with a publicly held organization.
“This pipeline represents a significant addition to our M&A initiatives,” stated Darren Minton, Smart for Life’s Chief Executive Officer. “While there is no assurance that a particular acquisition will be completed, the growing acquisition pipeline creates an enormous prospective opportunity for the Company. We look forward to keeping everyone apprised of our developments as we continue to implement our strategy and drive toward our publicly stated goal of $100 million in revenue through organic growth and M&A initiatives.”
Completion of any acquisitions in the pipeline is subject to successful due diligence and financing.
About Smart for Life, Inc.
Smart for Life, Inc. (Nasdaq: SMFL) is an emerging growth company in the nutraceutical industry, dedicated to delivering innovative solutions that promote Health & Wellness. The Company focuses on research-driven formulations and consumer-centric approaches, redefining the boundaries of nutritional science. Engaged in the development, marketing, manufacturing, and acquisition of a broad spectrum of nutritional products, Smart for Life follows a Buy-and-Build strategy with serial accretive acquisitions to create a vertically integrated company. The Company is also focused on growth through proprietary products and the acquisition of other profitable companies encompassing various brands and distribution channels. Recently, the Company completed a restructuring plan including recapitalization and successfully improving its balance sheet.
Frequently Asked Questions
What acquisitions is Smart for Life currently negotiating?
Smart for Life is negotiating the acquisition of four profitable health and wellness companies, including already announced Purely Optimal Nutrition.
What is the expected timeline for these acquisitions?
Acquisitions are expected to accelerate after the Company files its Form 10-K and 10-Qs.
What types of companies is Smart for Life targeting for acquisition?
The Company is targeting profitable nutraceutical firms with annual revenues between $5 million and $25 million.
What are Smart for Life's goals with these acquisitions?
The aim is to achieve revenue and earnings growth through profitable acquisitions in the health and wellness sector.
Who is the CEO of Smart for Life?
Darren Minton is the Chief Executive Officer of Smart for Life, leading the Company’s strategic initiatives and acquisition pursuits.
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