NetworkNewsBreaks – Nightfood Holdings Inc. (NGT
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Posted On: 07/17/2024 3:35:43 PM
NetworkNewsBreaks – Nightfood Holdings Inc. (NGTF) Inks LOI Outlining Plans to Acquire Leading Wholesaler, Distributor of Food-Services Custom Takeout Packaging
Nightfood Holdings (OTCQB: NGTF), a forward-thinking acquisition and development holding company, has signed a letter of intent (“LOI”) to acquire SWC Group Inc., doing business as Carryoutsupplies.com (“CarryOut”), through Nightfood’s wholly owned subsidiary, Future Hospitality Ventures Holdings Inc. As outlined in the LOI, the acquisition will be an all-stock transaction. A leading wholesaler and distributor of custom takeout packaging for the foodservice industry, CarryOut specializes in traditional and ecofriendly custom-printed packaging solutions for food-service businesses. Its products include to-go hot food boxes, snacks bowls, sushi trays, soup cups, ice cream cups and lids, coffee cups and lids, utensils, and more. According to the announcement, Nightfood officials believe significant growth opportunities exist in obtaining preferred-vendor status with regional and national branded food-service companies with unique and future-focused ecofriendly solutions. “We are thrilled at the opportunity to acquire rapidly growing CarryOut Supplies and for the opportunity to restore it to its pre-COVID scale and beyond,” said Nightfood Holdings CEO Lei Sonny Wang in the press release. “CarryOut is an exciting standalone business, and the strategic value of this acquisition is greatly enhanced by synergies with our existing subsidiaries and those we anticipate acquiring in the future. Nightfood is committed to ensuring a smooth transition for CarryOut’s employees and customers. We look forward to leveraging the combined strengths of our portfolio of exciting subsidiaries.”
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://nnw.fm/NGTF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Nightfood Holdings (OTCQB: NGTF), a forward-thinking acquisition and development holding company, has signed a letter of intent (“LOI”) to acquire SWC Group Inc., doing business as Carryoutsupplies.com (“CarryOut”), through Nightfood’s wholly owned subsidiary, Future Hospitality Ventures Holdings Inc. As outlined in the LOI, the acquisition will be an all-stock transaction. A leading wholesaler and distributor of custom takeout packaging for the foodservice industry, CarryOut specializes in traditional and ecofriendly custom-printed packaging solutions for food-service businesses. Its products include to-go hot food boxes, snacks bowls, sushi trays, soup cups, ice cream cups and lids, coffee cups and lids, utensils, and more. According to the announcement, Nightfood officials believe significant growth opportunities exist in obtaining preferred-vendor status with regional and national branded food-service companies with unique and future-focused ecofriendly solutions. “We are thrilled at the opportunity to acquire rapidly growing CarryOut Supplies and for the opportunity to restore it to its pre-COVID scale and beyond,” said Nightfood Holdings CEO Lei Sonny Wang in the press release. “CarryOut is an exciting standalone business, and the strategic value of this acquisition is greatly enhanced by synergies with our existing subsidiaries and those we anticipate acquiring in the future. Nightfood is committed to ensuring a smooth transition for CarryOut’s employees and customers. We look forward to leveraging the combined strengths of our portfolio of exciting subsidiaries.”
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://nnw.fm/NGTF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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