Laird Superfood of Sisters acquires Bend’s Picky Bars for $12 million
SISTERS, Ore. (KTVZ) One popular Central Oregon-based healthy food-maker Laird Superfood of Sisters is acquiring another Bend s Picky Bars for $12 million, the two companies announced Tuesday.
In a news release, Laird Superfood said it entered into a definitive agreement Monday to purchase all of the equity interests of fellow Central-Oregon based Picky Bars, LLC, innovators in the healthy snack industry focused on nutritionally balanced, real-food products to fuel performance, for $12 million in cash and stock, subject to a customary post-closing working capital adjustment.
The transaction closed simultaneously with execution. The transaction represents an acquisition multiple of approximately 1.2x estimated 2022 revenue, Laird said.