---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-054943"
form_type: "8-K"
ticker: "SMPL"
cik: "0001702744"
company_name: "Simply Good Foods Co"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:33:32.492315+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Simply Good Foods acquires OWYN for $280M cash; expects ~$120M 2024 net sales

## Summary
- Purchase price of $280M cash for 100% of Only What You Need (OWYN), a plant-based RTD protein shake brand.
- OWYN expected to achieve ~$120M net sales in 2024; transaction multiple ~2.3x sales or 13.3x Adjusted EBITDA incl. synergies.
- Financed with ~$50M balance sheet cash and committed debt from Barclays and Deutsche Bank; pro forma leverage ~1.5x.
- Expected to close by end of fiscal year 2024 (Aug 27, 2024); subject to HSR and customary conditions.
- Transaction expected to be approximately neutral to Adjusted Diluted EPS in the year after close, excluding one-time costs.

## SEC filing metadata
- accession: 0001104659-24-054943
- form_type: 8-K
- ticker: SMPL
- cik: 0001702744
- company_name: Simply Good Foods Co
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702744/000110465924054943/0001104659-24-054943-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702744/000110465924054943/tm2413019d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-054943
- JSON: https://secwatch.observer/filing/0001104659-24-054943.json
- Plain text: https://secwatch.observer/filing/0001104659-24-054943.txt

## Key facts
- Material Agreements
  Simply Good Foods Co entered into Purchase Agreement with Safe Brands, LLC valued at $280,000,000 (effective 2024-04-29).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Safe Brands, LLC
  - Value: $280,000,000
  - Effective: 2024-04-29
  source text: On April 29, 2024, Simply Good Foods USA, Inc., a New York corporation (“ Simply USA ”), entered into a Stock Purchase Agreement (the “ Purchase Agreement ”) with Safe Brands, LLC, a Delaware limited liability company (“ Seller ”), and Only What You Need, Inc., a Delaware corporation (“ Target ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1702744/000110465924054943/0001104659-24-054943-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.