Monterey Pasta Company (Nasdaq: PSTA) yesterday announced the purchase of the Nate's polenta business from Elena's Food Specialties, Inc., of South San Francisco, Calif. for a consideration of $450,000 in cash, plus inventory with a value of $13,000. Additionally, Elena's shareholders could receive an earn-out based upon future sales above a predetermined level. The earn-out will be calculated during the first year of combined operations.
USA: Monterey Pasta announces completed asset acquisition of Nate's Polenta
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
Dean's offer to you
Risk-free, money-back guarantee
Most Popular
Insights
- What's the next chapter for yogurt in the US?
- Kellogg H1: five things to learn
- Where do Trump and corporate America go from here?
- Interview: Weetabix's new UK chief Sally Abbott
- Opinion: Marketeers, fret not when markets go dark
News
- Mars to buy Tasty Bite owner
- Hormel Foods pays US$425m for meat firm Fontanini
- FrieslandCampina reveals structural change
- US activist investor Corvex 'buys stake in Danone'
- UK publishes post-Brexit customs proposals
Market research
- Chocolate, Cocoa and Sugar Confectionery Markets in Americas to 2021 - Market Size, Development, and Forecasts
- Global Bread Flour Market 2017-2021
- Fast Food in China
- Opportunities in the Global Savory Snacks Sector: Analysis of Opportunities Offered by High Growth Economies
- Baked Goods in Western Europe
