Landec Corporation Acquires Yucatan Foods
With annual revenues of approximately
With its two guacamole brands,
“We are excited for the team at
“LNF’s emerging natural food brands – now including O Olive & Vinegar®, Now Planting®,
The
Under the agreement, Apio acquired all of the outstanding equity interests of
On a proforma basis for Landec’s fiscal year ending
For the fiscal year 2019,
“As we merge the two companies, immediate synergies exist between the
“In addition to increased sales and distribution, there are other synergistic opportunities to drive future growth and profitability. In the medium-term, we will evaluate the potential for
Hemmeter concluded, “Landec is committed to growing both of its businesses -
A conference call will follow this release today
About
Founded in 1991,
About
Important Cautions Regarding Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially, including such factors among others, as the timing and expenses associated with operations, the ability to achieve acceptance of the Company's new products in the market place, weather conditions that can affect the supply and price of produce, the timing of regulatory approvals, the ability to successfully integrate
Contact Information:
At the Company: | Investor Relations: |
Gregory S. Skinner | John Mills, Partner |
Vice President Finance and CFO | (646) 277-1254 |
(650) 261-3677 | John.Mills@ICRINC.com |
Source: Landec Corporation