v3.25.3
Acquisition
3 Months Ended
Sep. 30, 2025
Business Combinations [Abstract]  
Acquisition Acquisition
On February 18, 2025, we completed the acquisition of a sauce and dressing production facility and related real estate in the Atlanta, Georgia area (“Atlanta plant”) along with certain equipment and assets contained in the facility from Winland Foods, Inc. This facility will benefit our core sauce and dressing operations through improved operational efficiency, incremental capacity, and closer proximity to certain core customers while enhancing our manufacturing network from a business continuity standpoint. The purchase price of $78.8 million was funded with cash on hand. The results of operations for this facility have been included in our condensed consolidated financial statements from the date of acquisition.
The following table summarizes the purchase price allocation based on the fair value of the net assets acquired.
Purchase Price Allocation
Inventories$4,065 
Property, plant and equipment60,073 
Goodwill (tax deductible)14,401 
Other noncurrent assets301 
Current liabilities(21)
Net assets acquired$78,819