MamaMancini's closes acquisition of Joseph Epstein Food Enterprises

MamaMancini's Holdings closed its acquisition of Joseph Epstein Food Enterprises, its sole manufacturer, on November 1, 2017. No cash or stock was exchanged; the deal involved cancellation of $2 million in inter-company debt and assumption of $2 million in liabilities.

“The Company believes that the transaction, on a pro-forma basis is accretive to the Company both in terms of EBITDA and Net Profit in the range of $1.5 to $2.0 million over the next twelve months”globenewswire.com

• 1 source
• globenewswire.comMamaMancini’s Closes Acquisition of ManufacturingMamaMancini's Holdings, Inc.Nov 1, 2017

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