PNC is a rapidly growing marketer and distributor of premium protein beverages and foods under its Premier Protein brand and nutritional supplements under its Joint Juice brand.
The PNC business will be independently managed by its experienced management team located in Emeryville, California. David Ritterbush, current CEO of PNC, will continue in that role.
Terms of the deal call for $180m in cash to be paid at the time of closing, subject to a working capital adjustment.
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