Key Developments: Inventure Foods Inc (SNAK.OQ)

SNAK.OQ on NASDAQ Stock Exchange Global Market

9.33USD
4:00pm EDT
Price Change (% chg)

$0.46 (+5.19%)
Prev Close
$8.87
Open
$8.89
Day's High
$9.36
Day's Low
$8.89
Volume
40,118
Avg. Vol
18,670
52-wk High
$9.74
52-wk Low
$5.50

Search Stocks

Latest Key Developments (Source: Significant Developments)

Inventure Foods Inc Finalizes Acquisition Of Willamette Valley Fruit Company's Berry Processing Business
Monday, 3 Jun 2013 08:00am EDT 

Inventure Foods Inc announced the completion on May 28, 2013 of an acquisition of the berry processing business of Willamette Valley Fruit Company, LLC, a family owned business located in Salem, Oregon (WVFC). The purchased assets include the berry processing equipment assets (including a new Individually Quick Frozen (IQF) tunnel), long term building and ground leases (including additional improvements currently being installed), and other intellectual property and inventory rights. As consideration for the acquisition, Inventure assumed certain liabilities relating to existing business contracts arising after the closing date and paid an aggregate amount of $9.5 million in cash, a portion of which is being held back to secure post-closing purchase price adjustments and indemnity claims.  Full Article

Inventure Foods Inc Reaffirms FY 2013 Guidance
Thursday, 2 May 2013 08:01am EDT 

Inventure Foods Inc announced that for fiscal 2013, it maintains outlook to achieve positive revenue and earnings growth. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $202 million and EPS of $0.39 for fiscal 2013.  Full Article

Inventure Foods Inc Signs Letter Of Intent To Acquire Berry Processing Business From Willamette Valley Fruit Company
Thursday, 25 Apr 2013 08:01am EDT 

Inventure Foods Inc announced that it has signed a non-binding letter of intent for the purchase of the berry processing business of Willamette Valley Fruit Company, LLC (WVFC), including building and ground leases. Terms were not disclosed, as the transaction remains subject to completion of due diligence, agreement on a definitive purchase agreement, and other customary closing conditions. WVFC began in 1999 as a small frozen processing operation and has since become one of the Pacific Northwest's processors of berry products. Each summer WVFC processes, on average, 13 million pounds of fruit, including strawberries, raspberries, boysenberries, blueberries, a variety of blackberries, cranberries and the local favorite, Marionberries.  Full Article

Search Stocks