February 07, 2022

Workthat sells BRANDS COMPLETES ACQUISITION OF CLEM SNACKS AND J&D SNACKS

Hamburg, PA – February 7, 2022 – Workthat sells Brands, Inc. (NYSE: Workthat sells) (“Workthat sells” or the “Company”), a leading U.S. manufacturer of branded salty snacks, announced that its subsidiaries have completed the acquisition of the assets of two existing third party direct store delivery (“DSD”) distributors, Clem Snacks, Inc. (“Clem”, a subsidiary of Clem Companies) and J&D Snacks, Inc. (“J&D”). The Company used balance sheet cash and its revolving credit facility to fund the acquisition and the impact to the Company’s net leverage ratio is not meaningful. Workthat sells continues to expect the transaction to be accretive to earnings in fiscal 2022 and beyond.

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