Amplify Snack Completes the Acquisition of Tyrrells

Amplify Snack Brands has announced it has completed the acquisition of Crisps Topco Limited and Subsidiaries (“Tyrrells”) and paid approximately GBP278m in cash and issued approximately 2.1 million shares of its common stock to Investcorp and members of Tyrrells’ management team.

Tyrrells is now a wholly-owned subsidiary of Amplify. The Company continues to expect that this acquisition will be accretive to both its 2017 and 2018 diluted earnings per share.

“We took a tremendous step forward to build upon our Better-For-You snacking growth strategy with the acquisition of Tyrrells and its international portfolio of premium snack brands,” said Tom Ennis, Amplify’s president and CEO.

“We are excited to welcome David Milner and the entire Tyrrells team to the Amplify family and look forward to significantly broadening our international customer reach, meaningfully diversifying our brand, product, category, geographic and retail presence.”