Amplify Snack Brands agreed to acquire Tyrrells, an international “better-for-you” snack food business. Jefferies Finance, Credit Suisse, Credit Suisse (USA) and Goldman Sachs Bank USA committed to provide debt financing for the transaction.

The transaction was unanimously approved by Amplify’s board of directors. Under the terms of the £300 million ($391.74 million) transaction, Tyrrells’ current owner Investcorp and members of the Tyrrells management team will receive approximately £278 million ($363 million) in cash and approximately 2.1 million shares of Amplify’s common stock. Amplify expects to close the transaction by the end of Q3/16.

Founded in 2002 and headquartered in Herefordshire, UK, Tyrrells is a diversified, international snacking company that manufactures and markets brands including Tyrrells Potato Crisps, Tyrrells branded Vegetable Crisps, Tyrrells Poshcorn, Tyrrells Nibbles and Tyrrells Tortillas in the U.S., Europe and other international markets.

“Together, Amplify and Tyrrells will partner to create a truly unique international better-for-you snack food leader that can continue to drive robust future revenue and earnings growth,” said Tom Ennis, Austin TX-based Amplify’s president and CEO. “We believe that the combination with Tyrrells will create significant long-term value for all of our stakeholders. Similar to Amplify, Tyrrells has a strong entrepreneurial spirit and successful track record of transforming categories and creating growth brands. We welcome David Milner and his team, and look forward to the opportunity to increase our operating scale, international reach, and product and brand diversity as we capture revenue synergies.”

Under the terms of the transaction agreement, Tyrrells will become a wholly-owned subsidiary of Amplify.

Jefferies is serving as financial advisor and Goodwin Procter is acting as legal counsel to Amplify. Houlihan Lokey is serving as financial advisor and Shearman & Sterling is acting as legal counsel to Investcorp and Tyrrells.