Smart for Life Announces Update on Prospective Acquisitions
Smart for Life (Nasdaq: SMFL), a leader in the Health & Wellness sector, has announced an update on its acquisition pipeline as part of its post-restructuring initiatives. The company is currently negotiating the acquisition of four profitable Health & Wellness targets, including:
- Purely Optimal Nutrition (previously announced)
- A liquid manufacturer with $12 million in sales
- An established supplement brand with historical sales of $10 million annually
- A wholesale manufacturer and distributor generating $8 million in revenue
Smart for Life is targeting companies with $5-25 million in annual revenue, aiming to accelerate its M&A activities after filing its Form 10-K and 10-Qs. The company's goal is to reach $100 million in revenue through organic growth and acquisitions.
Smart for Life (Nasdaq: SMFL), leader nel settore Salute e Benessere, ha annunciato un aggiornamento sulla sua pipeline di acquisizioni come parte delle sue iniziative post-ristutturazione. L'azienda sta attualmente negoziando l'acquisizione di quattro obiettivi profittevoli nel settore Salute e Benessere, tra cui:
- Purely Optimal Nutrition (già annunciato in precedenza)
- Un produttore di liquidi con 12 milioni di dollari in vendite
- Un marchio di integratori consolidato con vendite storiche di 10 milioni di dollari annuali
- Un produttore e distributore all'ingrosso che genera 8 milioni di dollari di fatturato
Smart for Life sta mirando a aziende con 5-25 milioni di dollari di fatturato annuale, puntando ad accelerare le sue attività di M&A dopo aver presentato il suo Modulo 10-K e i 10-Qs. L'obiettivo dell'azienda è raggiungere 100 milioni di dollari di fatturato attraverso la crescita organica e le acquisizioni.
Smart for Life (Nasdaq: SMFL), un líder en el sector de Salud y Bienestar, ha anunciado una actualización sobre su pipeline de adquisiciones como parte de sus iniciativas post-reestructuración. La empresa está actualmente negociando la adquisición de cuatro objetivos rentables de Salud y Bienestar, que incluyen:
- Purely Optimal Nutrition (anunciado anteriormente)
- Un fabricante de líquidos con 12 millones de dólares en ventas
- Una marca de suplementos establecida con ventas históricas de 10 millones de dólares anuales
- Un fabricante y distribuidor al por mayor que genera 8 millones de dólares en ingresos
Smart for Life está enfocándose en empresas con 5-25 millones de dólares en ingresos anuales, con el objetivo de acelerar sus actividades de M&A tras presentar su Formulario 10-K y 10-Qs. La meta de la empresa es alcanzar 100 millones de dólares en ingresos a través del crecimiento orgánico y adquisiciones.
Smart for Life (Nasdaq: SMFL)는 건강 및 웰빙 분야의 선두주자로서 구조 조정 후 이니셔티브의 일환으로 인수 파이프라인에 대한 업데이트를 발표했습니다. 이 회사는 현재 네 개의 수익성 있는 건강 및 웰빙 대상의 인수를 협상 중입니다. 이에 포함되는 대상은:
- Purely Optimal Nutrition (이전 발표됨)
- 1200만 달러의 판매액을 기록한 액체 제조업체
- 연간 1000만 달러의 역사적 판매액을 가진 Established Supplement 브랜드
- 800만 달러의 수익을 올리는 도매 제조업체 및 유통업체
Smart for Life는 연간 500만-2500만 달러의 수익을 올리는 회사를 목표로 하여, Form 10-K와 10-Q를 제출한 후 M&A 활동을 가속화할 계획입니다. 회사의 목표는 1억 달러의 수익에 도달하는 것으로, 이것은 유기적 성장과 인수를 통해 이룰 계획입니다.
Smart for Life (Nasdaq: SMFL), leader dans le secteur de la santé et du bien-être, a annoncé une mise à jour concernant son pipeline d'acquisitions dans le cadre de ses initiatives post-restructuration. L'entreprise est actuellement en négociation pour l'acquisition de quatre cibles rentables dans le secteur de la santé et du bien-être, dont :
- Purely Optimal Nutrition (déjà annoncé)
- Un fabricant de liquides réalisant 12 millions de dollars de ventes
- Une marque de compléments établie avec des ventes historiques de 10 millions de dollars par an
- Un fabricant et distributeur en gros générant 8 millions de dollars de revenus
Smart for Life cible des entreprises avec 5-25 millions de dollars de revenus annuels, visant à accélérer ses activités de fusions et acquisitions après avoir déposé ses formulaires 10-K et 10-Q. L'objectif de l'entreprise est d'atteindre 100 millions de dollars de revenus par la croissance organique et les acquisitions.
Smart for Life (Nasdaq: SMFL), ein führendes Unternehmen im Bereich Gesundheit und Wohlbefinden, hat ein Update zu seiner Akquisitionspipeline im Rahmen seiner nach der Restrukturierung eingeleiteten Initiativen bekannt gegeben. Das Unternehmen verhandelt derzeit über den Erwerb von vier profitablen Zielen im Bereich Gesundheit und Wohlbefinden, darunter:
- Purely Optimal Nutrition (bereits angekündigt)
- Ein Flüssigkeitshersteller mit 12 Millionen Dollar Umsatz
- Eine etablierte Ergänzungsmarke mit einem historischen Jahresumsatz von 10 Millionen Dollar
- Ein Großhersteller und -vertreiber mit einem Umsatz von 8 Millionen Dollar
Smart for Life zielt auf Unternehmen mit 5-25 Millionen Dollar Jahresumsatz ab und plant, seine M&A-Aktivitäten nach der Einreichung seiner Formulare 10-K und 10-Q zu beschleunigen. Das Ziel des Unternehmens ist es, 100 Millionen Dollar Umsatz durch organisches Wachstum und Akquisitionen zu erreichen.
- Negotiating acquisition of four profitable Health & Wellness targets
- Potential to add approximately $30 million in annual revenue through acquisitions
- Targeting companies with $5-25 million in annual revenue for future acquisitions
- Pursuing revenue and earnings growth through profitable company acquisitions
- Aiming to reach $100 million in revenue through organic growth and M&A initiatives
- Acquisition activity was paused during restructuring initiatives
- Completion of acquisitions subject to due diligence and financing conditions
- No assurance that any particular acquisition will be completed
Insights
Smart for Life's aggressive M&A strategy signals a potential turnaround attempt after restructuring. The focus on profitable targets in the
The Health & Wellness sector, particularly nutritional supplements and functional foods, continues to show strong growth potential. Smart for Life's targeted acquisitions could position them well in this expanding market. The diverse nature of the targets - from contract manufacturing to established brands - suggests a vertical integration strategy that could enhance margins and market presence. However, the company's ability to successfully integrate these varied businesses is yet to be proven. The focus on profitable targets is prudent, but investors should be cautious about potential synergy overestimation, a common pitfall in ambitious M&A strategies. The market's reaction to this news will likely be tempered until more concrete details and financials are available.
Company Negotiating Acquisition of Four Profitable Health & Wellness Targets
Multiple Exploratory Discussions Underway with Additional Acquisition Targets as Part of Phase 2 of the Company’s Post-Restructuring Initiatives
Acquisitions Timeline Expected to Accelerate After Company’s Filing of Form 10-K and 10-Qs
MIAMI, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a distinguished leader in the Health & Wellness sector specializing in the marketing and manufacturing of nutritional supplements and foods, announced today the potential expansion of the Company’s acquisition pipeline and provided an update on its M&A activities.
The Company is currently negotiating the acquisition of four profitable Health & Wellness targets with several additional prospects in exploratory discussions as part of the Company’s post-restructuring initiatives. These acquisitions include the following:
- Purely Optimal Nutrition – Previously announced acquisition. The Company and the Purely Optimal management are actively collaborating on the restructuring of their sales initiatives to improve Purely Optimal’s profitability prior to closing of the acquisition.
- Liquid Manufacturer – Contract manufacturer with sales of approximately
$12 million and profitable in the prior fiscal year. - Established Supplement Brand – Historical sales of approximately
$10 million annually and profitable through nutraceutical products. - Wholesale Manufacturer and Distributor – Generating revenue of approximately
$8 million and profitable in retail channels.
“Smart for Life is committed to pursuing revenue and earnings growth through the acquisition of profitable companies focused on nutritional supplements and functional foods,” stated A.J. Cervantes, Jr., Chairman of Smart for Life. “Although our acquisition activity was paused during our restructuring initiatives, we are now aggressively advancing those M&A activities. Upon completing our forthcoming 10-K and 10-Q filings, we intend to significantly ramp up M&A activity, building on the potential acquisitions identified.”
Smart for Life is seeking profitable companies in the nutraceutical industry across the United States as well as prospective foreign acquisitions, preliminarily targeting companies with between
“We believe this pipeline represents a significant addition to our M&A initiatives,” stated Darren Minton, Smart for Life’s Chief Executive Officer. “While there is no assurance that any particular acquisition will be completed, we believe the growing acquisition pipeline creates an enormous prospective opportunity for the Company. We look forward to keeping everyone apprised of our developments as we continue to implement our strategy and drive toward our publicly stated goal of
Completion of any acquisitions in the Company’s pipeline is subject to a number of conditions including successful due diligence and financing.
About Smart for Life, Inc.
Smart for Life, Inc. (Nasdaq: SMFL) is an emerging growth company in the nutraceutical industry, committed to delivering innovative solutions that promote Health & Wellness. With a focus on research-driven formulations and consumer-centric approaches, Smart for Life is dedicated to redefining the boundaries of nutritional science. The Company is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and products. Structured as a publicly held holding company, the Company is executing a Buy-and-Build strategy with serial accretive acquisitions creating a vertically integrated company. To drive growth and earnings, Smart for Life is developing proprietary and related products as well as acquiring other profitable companies, encompassing brands, manufacturing and distribution channels. The Company recently concluded the execution of a restructuring plan including recapitalization of the Company with equity and debt financings, the sale of certain non-performing assets, and the successful liquidation of the Company’s senior debt facility. In addition, the Company converted substantial debt obligations to equity materially improving the Company’s balance sheet. For more information about Smart for Life, please visit: www.smartforlifecorp.com.
Forward-Looking Statements
This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of Smart for Life’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Smart for Life does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. No assurances can be made that Smart for Life will successfully acquire its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause Smart for Life’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the Securities and Exchange Commission.
Disclaimer
The information provided in this press release is intended for general knowledge only and is not a substitute for professional medical advice or treatment for specific medical conditions. Always seek the advice of your physician or other qualified health care provider with any questions you may have regarding a medical condition. This information is not intended to diagnose, treat, cure or prevent any disease.
Investor Relations Contact
Crescendo Communications, LLC
Tel: (212) 671-1021
SMFL@crescendo-ir.com
FAQ
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