Nutroganics (NUTT) Announces LOI to Acquire Assets of Wholesoy & Co.
(firmenpresse) - BETHESDA, MD -- (Marketwired) -- 12/08/14 -- Nutroganics, Inc. (OTC PINK: NUTT) ("Nutroganics") announced today that it has signed a letter of intent to acquire certain assets of
Wholesoy is currently the leading organic, non-gmo verified, soy yogurt brand, and is distributed nationally to leading natural foods retailers such as and specialty grocers such as . Wholesoy generates approximately $7 million in annualized revenue. Nutroganics anticipates that the acquisition would be accretive immediately on a revenue per share basis and, after a 120 day transition, would be accretive on an EBITDA per share basis.
The transaction is subject to several conditions, including working out suitable terms with Wholesoy''s vendors and certain Wholesoy creditors. The terms of the acquisition were not disclosed.
"Wholesoy is a terrific brand in the natural foods industry, which would fit well within the Nutroganics portfolio," said David Sackler, CEO of Nutroganics. "We look forward to working with Wholesoy''s management as we strive to close the transaction."
For more information, contact David Sackler at or (240) 223-1000.
. acquires and grows revenue-generating businesses operating in the healthy lifestyle marketplace, and seeks to capitalize on synergies from manufacturing through distribution. Nutroganics owns , a producer and packager of honey products founded in 1945 and based in Moses Lake, Washington and NuStar Manufacturing, LLC, a Utah based packager of nutritional products and supplements.
This release contains forward-looking statements, which involve known and unknown risks, uncertainties, and other factors, which may cause Nutroganics'' actual results, performance, or achievements to be materially different from actual future results expressed or implied by the forward-looking statements. Specifically, the announced transaction may not close if one or more conditions to closing are not met. We undertake no obligation to update any forward-looking statements after the date of such statements.
Contact:
David Sackler
(240) 223-1000
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Datum: 08.12.2014 - 10:00 Uhr
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