10:49 AM EDT, 04/08/2024 (MT Newswires) -- Smart for Life ( SMFL ) said Monday it agreed to acquire e-commerce nutraceuticals company Purely Optimal Nutrition.

Purely Optimal is generating estimated revenue of more than $8 million and over $1 million of adjusted earnings before interest, taxes, depreciation, and amortization for the trailing 12 months, Smart for Life ( SMFL ) Chief Executive Darren Minton said.

The company expects the deal to close within the next eight weeks.

Smart for Life ( SMFL ) shares were up about 20% in recent trading.

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