US mushroom producer Sylvan has announced that it has entered into a definitive agreement with Snyder Associated Companies that will result in a merger between Sylvan and a Snyder affiliate.


The value of the transaction, including the assumption of debt, is estimated to exceed US$95m.


Kittanning, Pennsylvania-based Snyder is a privately held company involved in the production of oil, natural gas, mineral aggregates and fresh mushrooms.


Sylvan, with 2002 revenues of $88.2m, is involved in fungal technology and is a worldwide producer and distributor of products for the mushroom industry. It specialises in spawn (the equivalent of seed for mushrooms) and is a major grower of fresh mushrooms in the United States.


The merger is subject to certain conditions including the approval by a majority of the shareholders of Sylvan and approval from certain regulatory authorities.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

 

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now