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Company Description (as filed with the SEC)
We were incorporated in Delaware on May 31, 2005 under the name Boulder Specialty Brands, Inc. in order to serve as a vehicle for the acquisition of a then-unidentified operating business and/or brand in the consumer food and beverage industry. On May 21, 2007, we completed a merger with GFA Brands, Inc., or “GFA,” which owned and marketed the Smart Balance® line of products, among others. GFA became our wholly-owned subsidiary and is currently one of our operating entities. After the merger, the Boulder Specialty Brands, Inc. corporate name was changed to Smart Balance, Inc. Pursuant to the merger agreement with GFA, we paid an aggregate of $491.0 million in cash as merger consideration. The cash consideration for the merger was funded with cash from the proceeds of our December 2005 initial public offering, the proceeds of a private placement and secured debt financings. On August 3, 2011, we acquired Glutino Food Group, or “Glutino. ... More ...
Analyst Info |
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| Annual EPS Est: | $0.2 |
| Quarterly EPS Est: | 0.05 |
| PEG Ratio: | 2.07 |
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Mean Recommendation: View Summary / View All |
1.75 |
Data is provided by Zacks Investment Research
