date:Aug 12, 2014
Boy and we like the prospects for private label nut butters.
American Blanching is expected to contribute around $135m to net sales and around $14m to $16m of adjusted EBITDA annually.
The deal is slated to be completed in the first quarter of fiscal 2015.
American Blanching is involved in the production of peanut butter for national brands, private label retail and industrial markets.
The company also offers services such as blanching, granulation and roasting services for the commercial p