04:37 PM EDT, 06/13/2024 (MT Newswires) -- Simply Good Foods ( SMPL ) said Thursday it completed the acquisition of plant-based protein shake brand Only What You Need for $280 million.

The deal was funded with cash along with loans under an outstanding credit facility, the company said.

The fiscal year outlook, including the acquisition, will be updated with Q3 results on June 27, Simply Good said.