The Simply Good Foods & Quest Nutrition Combining For Healthy Offering

By John F. Heerdink, Jr.

Reportedly, the Simply Good Foods Company and Quest Nutrition, LLC have entered in a definitive agreement where Simply Good Foods is set to acquire Quest on a cash-free and a debt-free basis for $1.0 billion in cash, or $870 million net of tax benefits. The transaction which is expected to close this year-end, to be undertaken by a subsidiary of Simply Good Foods, the Voyage Holdings, LLC and VMG Quest Blocker collectively known as “Target”. Centerview Partners LLC and Goldman Sachs to serve as advisors to The Simply Good Foods Company and Kirkland & Ellis LLP to act as legal counsel. J.P. Morgan Securities LLC and Winston & Strawn LLP to serve as financial advisor and legal advisor respectively to Target.

The Simply Good Foods Company is developer, marketer, and seller of branded snack products, whereas Quest is a healthy lifestyle food company with a large consumer base that focusses on healthy snacking. The deal is expected to generate net sales of over $800 million and strong operating margins with a combined strong consumer base, and collective brand benefits.

On August 21, 2019, the company along with the executive management hosted a conference call on the matter. The webcast for the event to be archived for 30 days. A telephonic replay for the same to be available through September 4, 2019, on below numbers: 844-512-2921 – U.S 412-317-6671- International locations (confirmation code 13694075).

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The Simply Good Foods Company to Acquire Quest Nutrition

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