---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-249180"
form_type: "8-K"
ticker: "JBSS"
cik: "0000880117"
company_name: "SANFILIPPO JOHN B & SON INC"
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:42:47.329566+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# John B. Sanfilippo completes $61.3M acquisition of TreeHouse Foods snack bar business

## Summary
- Purchased snack bar assets from TreeHouse Foods for ~$61.3M cash, including $37.3M of inventory.
- Acquisition funded by increased credit facility to $150M (from $117.5M); maturity extended to Sept 2028.
- Approximately 400 employees of Lakeville, MN facility join JBSS; CEO calls it largest, most transformational acquisition.
- Annual dividend capacity raised to $100M subject to availability tests under the amended credit agreement.
- Company now offers private label customers a complete snack bar offering, accelerating product diversification.

## SEC filing metadata
- accession: 0001193125-23-249180
- form_type: 8-K
- ticker: JBSS
- cik: 0000880117
- company_name: SANFILIPPO JOHN B & SON INC
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/880117/000119312523249180/0001193125-23-249180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880117/000119312523249180/d551842d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-249180
- JSON: https://secwatch.observer/filing/0001193125-23-249180.json
- Plain text: https://secwatch.observer/filing/0001193125-23-249180.txt

## Key facts
- Debt Financings
  SANFILIPPO JOHN B & SON INC amended revolving credit of maximum amount increased to $150 million from $117.5 million with Wells Fargo Capital Finance, LLC at not specified maturing extended to September 29, 2028.
  - Instrument: revolving credit
  - Principal: maximum amount increased to $150 million from $117.5 million
  - Counterparty: Wells Fargo Capital Finance, LLC
  - Rate: not specified
  - Maturity: extended to September 29, 2028
  - Event: amendment
  source text: Credit Agreement ”). Pursuant to the terms of the Second Amendment: • the maximum amount available for the Company to borrow under the revolving credit facility was increased to $150 million from $117.5 million; • the maturity date of the Credit Agreement was extended to September 29, 2028; • the Company may pay up to $100 million in dividends per year, subject to
  evidence_url: https://www.sec.gov/Archives/edgar/data/880117/000119312523249180/0001193125-23-249180-index.htm
- M&A Transactions
  SANFILIPPO JOHN B & SON INC completed an acquisition involving TreeHouse Foods, Inc., Bay Valley Foods, LLC and TreeHouse Private Brands, Inc. for approximately $61 million in cash (closed 2023-09-29).
  - Action: acquisition
  - Counterparty: TreeHouse Foods, Inc., Bay Valley Foods, LLC and TreeHouse Private Brands, Inc.
  - Consideration: approximately $61 million in cash
  - Closing: 2023-09-29
  source text: On September 29, 2023, the Company closed on the acquisition of the Snack Bar Business for a total of approximately $61 million in cash, subject to certain adjustments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/880117/000119312523249180/0001193125-23-249180-index.htm
- Material Agreements
  SANFILIPPO JOHN B & SON INC entered into Second Amendment to Amended and Restated Credit Agreement with Wells Fargo Capital Finance, LLC valued at Revolving credit facility increased to $150 million, maturity extended to September 29, 2028, divide (effective 2023-09-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Capital Finance, LLC
  - Value: Revolving credit facility increased to $150 million, maturity extended to September 29, 2028, divide
  - Effective: 2023-09-29
  source text: On September 29, 2023, John B. Sanfilippo & Son, Inc. (the “ Company ”) entered into the Second Amendment to Amended and Restated Credit Agreement (the “ Second Amendment ”) by and among the Company, Wells Fargo Capital Finance, LLC, as administrative agent (the “ Agent ”), and the lenders party thereto (the “ Lenders ”), which amends the Amended and Restated Credit Agreement dated as of March 5, 2020 by and among the Company, the Agent and the Lenders (as amended, the “ Credit Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/880117/000119312523249180/0001193125-23-249180-index.htm

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