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March 16, 2022
US: Local Bounti to acquire Pete's
March 15, 2022
Local Bounti Corp., an indoor agriculture company, has entered into a definitive agreement to acquire California-based complementary indoor farming company Hollandia Produce Group Inc., which operates under the name Pete'sĀ®, for total consideration of $122.5 million, subject to customary adjustments.Ā The transaction consideration will comprise $92.5 million in cash, expected to be provided pursuant to Local Bounti's existing lending facility with Cargill, and the remaining $30 milli...
March 15, 2022
De-risks near-term operational execution, expanding upon existing market presence and creating a coast-to-coast footprint covering existing relati...
March 15, 2022
Press release content from PR Newswire. The AP news staff was not involved in its creation.