The Marzetti Company (MZTI) Enters Into a Definitive Agreement to Acquire Bachan's, Inc.

The Marzetti Company (NASDAQ:MZTI) is one of the Best FMCG Stocks to Invest In According to Analysts. On February 3, the company announced that it entered into a definitive agreement for the acquisition of Bachan’s, Inc. Notably, the transaction will help expand the company’s position in the broader sauce category. Also, it will offer growth opportunities via retail and foodservice distribution network, supply chain capabilities, etc. The Marzetti Company (NASDAQ:MZTI) highlighted that the purchase price is $400 million, and the aim is to finance the acquisition with cash and additional financing.

Bachan’s net sales for 12 months to December 31 came in at ~$87 million. Bachan’s developed an original Japanese Barbecue Sauce, and the founder scaled this brand. Over time, The Marzetti Company (NASDAQ:MZTI) plans to broaden distribution, help product innovation, and enhance this brand to include new channels as well as adjacent categories.

In a different release, on February 3, The Marzetti Company (NASDAQ:MZTI) released Q2 2026 results, with consolidated gross profit rising $4.5 million, or 3.4%, to a record level of $137.3 million. The rise was because of the favourable impacts of the company’s cost savings initiatives.

The Marzetti Company (NASDAQ:MZTI) is engaged in the manufacturing and marketing of specialty food products for the retail as well as foodservice channels.

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Disclosure: None. This article is originally published at Insider Monkey.