First half wraps up with Q2 earnings and sales declines.

Kate Farms is a manufacturer of formulas and shakes for specialized and medical nutrition.

Nutritional “credentials” highlighted via new SPOONS platform.

“Our results did not meet our expectations,” CEO says.

In Q1 report, CEO says company also adapting to food ingredient policy changes.

Snack purchases pressured amid escalating economic uncertainty, executives say.

Acquisition bolsters European presence in packaged wafers, cakes and biscuits.

Snack maker tallies over 6% volume growth for first quarter.

CEO cites improved category share performance in key markets.

Transaction continues trend of portfolio reshaping by big food companies.