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Local Bounti® To Acquire Pete's® For $122.5M Creating Leading CEA Operator With Largest National Retail Distribution Footprint

Local Bounti Corporation (NYSE: LOCL, LOCL WS) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor. ....

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US: Local Bounti to acquire Pete's

US: Local Bounti to acquire Pete's ....

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Local Bounti to Acquire Pete's for $122.5 Million Creating Leading CEA Operator with Largest National Retail Distribution Footprint

Local Bounti to Acquire Pete's for $122.5 Million Creating Leading CEA Operator with Largest National Retail Distribution Footprint
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United States , Craig Hurlbert , Brian Cook , Hart Scott Rodino , Stack Flow Technology At Pete , Hollandia Produce Group Inc , Bounti Corporation , Shearman Sterling , Herrington Sutcliff , Whole Foods , Flow Technology , Lincoln International , Stack Flow Technology , Local Bounti Corporation , Hollandia Produce Group , Local Bounti , Transaction Details , Hart Scott Rodino Act , North America , Good Agricultural Practices ,

US: Local Bounti to acquire Pete's

US: Local Bounti to acquire Pete's ....

United States , Craig Hurlbert , Brian Cook , Stack Flow Technology At Pete , Bounti Corporation , Stack Flow Technology , Hollandia Produce Group , Local Bounti Corporation , Local Bounti , Flow Technology , Job Offers ,

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's®, for total consideration of $122.5 million, subject to customary adjustments. 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 million of consideration payable in ....

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