08:47 AM EST, 11/24/2025 (MT Newswires) -- Trubar ( TRBRF ) said Monday that it will be acquired by a privately-held consumer product goods (CPG) company, ETi Gida, based in Turkey for C$201 million in cash.

Each shareholder will receive $1.64 per share, which represents a 64% premium to the last closing price of Trubar ( TRBRF ) shares on Nov. 21.

The acquisition is expected to be completed in the first quarter of next year.

This all comes after the company earlier Monday said that third-quarter net revenue and adjusted EBITDA both advanced. The company said net revenue jumped 88% to US$21.6 million. Adjusted EBITDA rose to $1.4 million from the $1 million in the previous corresponding quarter.

Trubar ( TRBRF ) reaffirmed its full year 2025 guidance for net revenue of $65 million to $70 million.