Private label food manufacturer records loss and decreased sales in Q2. 

Company used certifications to address several concerns and preferences.
 

Management sees sales and profitability accelerating in the second half of its fiscal year.

Company cites ‘uncertain consumer environment’ for conservative fiscal 2024 outlook.

Sales increase 3.6% in the third quarter.

Transaction valued at $20 million.

Company had been in maintenance mode since COVID.

Private label manufacturer sees additional opportunity in the category.

Company eyes $250 million in cost savings.

Transaction includes Minnesota snack bars plant.