Smart for Life, Inc., a key player in the Health & Wellness sector, has announced the expansion of its acquisition pipeline post-restructuring. The company is negotiating the acquisition of four profitable health and wellness companies and is in exploratory discussions with additional targets. These potential acquisitions include a nutritional supplement brand, a liquid manufacturer, a supplement brand, and a wholesale manufacturer and distributor, each generating revenues between $8 million and $12 million annually. Smart for Life’s chairman, A.J. Cervantes Jr., emphasized the company’s commitment to growth through M&A activities, expecting to accelerate these efforts upon completing their 10-K and 10-Q filings. CEO Darren Minton sees this growing pipeline as a significant opportunity for the company to meet its revenue target of $100 million through both organic growth and M&A. However, all acquisitions are subject to due diligence and financing.
Health & Wellness, Nutraceuticals, Manufacturing and Distribution,United States, Global
https://www.globenewswire.com/news-release/2024/08/21/2933483/0/en/Smart-for-Life-Announces-Update-on-Prospective-Acquisitions.html