Bachan's Acquired by Marzetti | Consumer M&A Deal

Marzetti has completed the acquisition of Bachan's, a food beverage retail business in California, for $400 million. Marzetti acquires Bachan's, a Japanese barbecue sauce brand founded in Sebastopol, known for clean-label, non-GMO, family-recipe-inspired condiments sold across retail and foodservice channels. The Marzetti acquisitions expand Marzetti’s condiment and sauce category footprint by adding premium barbecue sauce SKUs and leveraging distribution, supply chain capabilities, and culinary expertise. The platform acquisition is a strategic acquisition by a strategic buyer, financed with cash on hand and a $200 million term loan, and is sized over $100 million. Goldman Sachs advised Marzetti and Centerview Partners advised Bachan’s, with the deal marked as closed.