King & Spalding Advises The Marzetti Company on its $400 Million Acquisition of Bachan’s, Inc.

King & Spalding advised The Marzetti Company (NASDAQ: MZTI) on its entry into a definitive agreement to acquire Bachan’s, Inc., a Japanese Barbecue Sauce brand, for a purchase price of $400 million, subject to customary adjustments, marking Marzetti’s largest acquisition to date. The transaction is expected to close by the end of June 2026, following receipt of applicable regulatory approvals and other customary closing conditions.

Marzetti is an Ohio-based manufacturer and marketer of specialty food products for the retail and foodservice channels. Marzetti’s portfolio includes owned brands such as Marzetti® dressings and dips; New York Bakery™ garlic breads; and Sister Schubert’s® dinner rolls in addition to a growing portfolio of exclusive license agreements that includes Olive Garden® dressings; Chick-fil-A® sauces and dressings; Buffalo Wild Wings® sauces; Arby’s® sauces; Subway® sauces; and Texas Roadhouse® steak sauces and dinner rolls.

The King & Spalding team advising The Marzetti Company consisted of Elizabeth Morgan, Will Jordan, Jill Rubinger, Jessi Bartholomew, and Nick Nelson.

A press release announcing the transaction can be found here.