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Sauer Brands offloads spice business to Watkins

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Core Development: Sauer Brands offloads spice business to Watkins
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Sauer Brands has struck a deal to sell its spice and seasonings business to fellow US manufacturer Watkins.

The financial terms of the transaction were not revealed.

Under the agreement, Watkins will secure the branding and distribution rights for spices and seasonings under the Kernel Season's, Spice Hunter and Sauer's brands.

The deal also covers Sauer's spice-related private label and foodservice operations.

Additionally, Watkins will assume ownership of Sauer Brands' production sites in Richmond in Virginia and in San Luis Obispo in California.

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Official Publisher Attribution: This report is aggregated from Yahoo Finance. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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