Alkame Holdings’ wholly owned subsidiary, West Coast Copacker, has acquired two specialty food jams and jellies brands: Maury Island Farm and Quinn’s Pepper Jellies. The acquisition includes intellectual property, inventory and production equipment. The acquisitions were completed without issuance of any company stock.
Both product lines are native to the Pacific Northwest with fruits and ingredients procured from the local region and handcrafted in small batches. The integrity of these long-standing brands will continue as the acquisition allows a seamless transition for both companies to work together in ensuring a smooth and speedy integration.
Although these regional jams and jellies brands have a long history of annual revenue in the $700,000 to $1 million range, the West Coast Copacker capabilities look to exceed the revenue models by up to four times within the first year or two. Expectations are to grow these brands into additional regions toward a national brand status.
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“Both brands fit nicely into our future vision and our longer-term plans which include entrance in the direct-to-consumer sector as well as national distribution partners,” said Alkame CEO Robert Eakle. “This is a tremendous opportunity for us to see both consistent production and cash flow, as well as strategic growth over the next five years.”
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