date:Jun 05, 2012
Smart Balance will acquire Udi's Healthy Foods from majority shareholder Hubson Acquisition, an affiliate of EA Industries based in Indianapolis, the family of founder Udi Bar-on, and other minority holders.
According to Smart Balance, it expects to realize future tax benefits with a present value of approximately $22m, resulting in an effective purchase price of approximately $103m.
The acquisition, as well as the refinancing of existing outstanding debt, will be financed with the proceeds of a