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Pete's acquired by Local Bounti for $122.5M

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...
United States Craig Hurlbert Brian Cook Stack Flow Technology At Pete Bounti Corp Hollandia Produce Group Inc

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