The Marzetti (MZTI) Corporate presentation summary

Acquisition overview

• Entered a definitive agreement to acquire Bachan's, Inc., a fast-growing Japanese barbecue sauce brand, for $400 million in cash, with closing expected before June 30, 2026, pending regulatory approvals.

• Bachan's has demonstrated rapid revenue growth, outpacing its category, and is expected to be accretive to top-line growth and gross margins in the first year.

• The acquisition aligns with a focus on delivering high-quality, premium products and leverages strengths in culinary expertise, marketing, and execution.

Brand and product highlights

• Bachan's is a leading premium brand with strong consumer loyalty, offering a variety of authentic Japanese-American flavors and clean, minimally processed ingredients.

• Products are based on a multi-generational family recipe, using traditional brewing methods and real, aged mirin from Japan.

• The brand achieved $87 million in net revenue for 2025 and a 48% CAGR over the last three years.

Strategic and financial impact

• The acquisition is expected to deliver incremental near-term growth and be accretive to margins, with further upside as the brand scales.

• Synergies are anticipated from supply chain integration, procurement savings, and expanded distribution.

• The all-cash transaction will be funded by cash and additional financing, maintaining a strong balance sheet and no change to dividend policy.