# 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.

- Type: Acquisition
- Announced: 2017-11-01
- Where: East Rutherford, New Jersey, United States
- Value: $4.00M
- Status: completed
- Products: pre-prepared frozen and refrigerated food products
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [MamaMancini's Holdings](https://endata.com/companies/27775.md) (acquirer)
- [Joseph Epstein Food Enterprises](https://endata.com/companies/27776.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/11/01/1172535/0/en/mamamancini-s-closes-acquisition-of-manufacturing-operations.html), 2017-11-01: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.