Nutroganics (NUTT) Signs Definitive Agreement to Acquire NuStar
20 February 2014 - 1:00AM
Marketwired
Nutroganics (NUTT) Signs Definitive Agreement to Acquire NuStar
BETHESDA, MD--(Marketwired - Feb 19, 2014) - Nutroganics, Inc.
(PINKSHEETS: NUTT) ("Nutroganics") announces signing a definitive
agreement to acquire NuStar Nutritional Manufacturing Company, LLC
("NuStar"). The transaction is expected to close by March 31, 2014;
subject to customary closing conditions and a financing
contingency.
The Company's management further announces that it has secured a
term sheet for the financing required to close the transaction
subject to a suitable asset appraisal.
About Nutroganics:
Nutroganics, Inc. focuses on acquiring and operating
revenue-generating businesses in the healthy lifestyle space,
primarily the nutritional supplement, and natural and organic food
industries. The company, through its subsidiary, Silverbow Honey
Company, produces, packages, and sells honey products. It sells its
products to food manufacturers and national grocery chains under
the Silverbow brand and private label brands. Nutroganics, Inc. is
based in Bethesda, Maryland.
About NuStar:
NuStar is a state of the art, specialty nutritional
manufacturing facility in Orem, UT. NuStar specializes in
manufacturing liquid, gel, and powder nutritional supplements in
single and multiple dose flexible packets, pouches, and containers.
NuStar's capabilities include formulating, sourcing, blending,
mixing, batching, filling, and packing nutritional products for
customers.
For more information about this release, contact David Sackler
at dsackler@nutroganics.com or at (516)-513-5113.
Forward-Looking Statements: This release may contain
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. We undertake no obligation to update
any forward-looking statements after the date of such
statements.
Contact: David Sackler 516-513-5133 Email
Contact
Nutroganics (CE) (USOTC:NUTTQ)
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