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2021-10-27

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Tattooed Chef To Acquire Belmont Confections For ~$18M

Tattooed Chef Inc (NASDAQ: TTCF) has agreed to acquire Belmont Confections Inc, a private label co-m

Tattooed Chef To Acquire Belmont Confections For ~$18M

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTattooed Chef To Acquire Belmont Confections For ~$18M\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-27 15:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tattooed-chef-acquire-belmont-confections-194238196.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tattooed Chef Inc (NASDAQ: TTCF) has agreed to acquire Belmont Confections Inc, a private label co-manufacturer of nutrition bars, for about $18 million in cash and stock.\nTattooed Chef expects to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tattooed-chef-acquire-belmont-confections-194238196.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/tattooed-chef-acquire-belmont-confections-194238196.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2178028857","content_text":"Tattooed Chef Inc (NASDAQ: TTCF) has agreed to acquire Belmont Confections Inc, a private label co-manufacturer of nutrition bars, for about $18 million in cash and stock.\nTattooed Chef expects to close the acquisition of the Youngstown, Ohio-based company in the fourth quarter of 2021.\nThe acquisition allows Tattooed Chef to diversify its product offerings further and enter into the $10 billion global plant-based bar category.\n\"We are excited to announce the acquisition of Belmont and look forward to welcoming George Tsudis and his team to the Tattooed Chef family,\" said Sam Galletti, CEO of Tattooed Chef.\nTattooed Chef anticipates that the Belmont facility at full capacity can contribute over $100 million annually in revenue in the next two to three years.\nTattooed Chef held $140.2 million in cash and equivalents as of June 30, 2021.\nPrice Action: TTCF shares are trading lower by 0.23% at $17.78 on the last check Tuesday.","news_type":1,"symbols_score_info":{"TTCF":0.9}},"isVote":1,"tweetType":1,"viewCount":1422,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}