v3.25.2
ACQUISITIONS (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Acquisitions Consideration
The following table summarizes the preliminary purchase price allocation of the fair value of net tangible and intangible assets acquired and liabilities assumed:
(In millions)
Cash transferred at close
$209.6 
Preliminary purchase price adjustment
(2.0)
Total consideration transferred$207.6 
Allocation of consideration to assets acquired and liabilities assumed:
Cash
$0.3 
Receivables
11.4 
Inventories41.8 
Property, plant, and equipment
19.0 
Operating lease right-of-use assets
25.7 
Goodwill69.7 
Customer relationships65.0 
Trademarks
12.9 
Other assets0.6 
Assets acquired246.4 
Assumed liabilities(38.8)
Total purchase price$207.6 
The following table summarizes the purchase price allocation of the fair value of net tangible and intangible assets acquired:

(In millions)
Cash transferred at close$20.0 
Purchase price adjustment5.9 
Total consideration transferred$25.9 
Allocation of consideration to assets acquired:
Inventories$25.2 
Trademarks0.7 
Total purchase price$25.9 
Schedule of Preliminary Purchase Price Allocation of Fair value of Net Tangible Assets Acquired
The following table summarizes the preliminary purchase price allocation of the fair value of net tangible and intangible assets acquired and liabilities assumed:
(In millions)
Cash transferred at close
$209.6 
Preliminary purchase price adjustment
(2.0)
Total consideration transferred$207.6 
Allocation of consideration to assets acquired and liabilities assumed:
Cash
$0.3 
Receivables
11.4 
Inventories41.8 
Property, plant, and equipment
19.0 
Operating lease right-of-use assets
25.7 
Goodwill69.7 
Customer relationships65.0 
Trademarks
12.9 
Other assets0.6 
Assets acquired246.4 
Assumed liabilities(38.8)
Total purchase price$207.6 
The following table summarizes the purchase price allocation of the fair value of net tangible and intangible assets acquired:

(In millions)
Cash transferred at close$20.0 
Purchase price adjustment5.9 
Total consideration transferred$25.9 
Allocation of consideration to assets acquired:
Inventories$25.2 
Trademarks0.7 
Total purchase price$25.9 
Schedule of Pro Forma Information
The following unaudited pro forma information shows the results of operations for the Company as if its Harris Tea acquisition had been completed as of January 1, 2024. Adjustments have been made for the pro forma effects of depreciation and amortization of tangible and intangible assets recognized as part of the business combination, the amortization of the inventory fair value step-up, the amortization of off-market lease adjustments, acquisition-related costs, and related income taxes. The pro forma results may not necessarily reflect actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.

Three Months Ended June 30, 2024Six Months Ended June 30, 2024
(Unaudited, in millions)
Pro forma net sales
$823.0 $1,679.9 
Pro forma net loss
(14.8)(28.1)