While the beverage industry may not seem exciting, this company is on a mission to invigorate the field through its one of a kind filling and decorating services.
Wildpack Beverage Inc. (TSX-Venture: CANS) announced it has entered into a binding agreement to purchase all of the issued and outstanding securities of the capital of established aluminum filler, Vertical Distilling, LLC for cash consideration of $4,500,000 U.S., subject to certain holdbacks.
Wildpack manufactures and packages beverages, operating in the middle market by providing can filling and decorating services to brands throughout the United States. The company also provides logistics services. Vertical is a can filling company with a history of cash flow positive operations, and is the leading filler in Colorado and the surrounding states. The Colorado region is important in the middle market beverage industry and integral to Wildpack's growth strategy.
Shares were trading down 1.12% in early afternoon trade.
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