Food conglomerate J.M. Smucker has agreed to buy Seattle-based Sahale Snacks for an undisclosed sum.
Sahale, which makes nut and fruit snacks, is owned by a private equity fund affiliated with Palladium Equity Partners. This year it is expected to sell about $50 million worth of snacks, J.M. Smucker said Wednesday in a press release.
Sahale’s 150 employees will join Smucker, and operations will remain in the leased facility near Seatac airport. The deal is expected to close in September.
The snack maker traces its origins to 2003, when founders Josh Schroeter and Edmond Sanctis, a pair of former broadcasters, decided to start making gourmet snacks after eating sub-par trail mix during a trip to Mt. Rainier.
- Amazon rolls out free same-day delivery for Prime members
- They were millionaires for 3 months, but Seattle couple didn't know it
- Russell Wilson's agent says in 710 ESPN Seattle interview that contract talks are 'encouraging'
- 'Granny panties' making a comeback as women say no to thongs
- Crash on I-5 at Boeing Access Road backs up traffic for miles
Most Read Stories
Schroeter and Sanctis, as well as the current CEO, Eric Eddings, are joining Smucker, Eddings said in a statement.
Sahale’s products carry names like Soledad Almonds, Sing Buri Cashews, and Valdosta Pecans. These are sold at retailers such as Costco Wholesale, Whole Foods and 7 Eleven. The company is named after Sahale Peak, a popular North Cascades climbing spot near Mount Baker.
This story contains information from Seattle Times archives