January 11, 2021
Derrimon Trading Company Limited (DTL) has advised that the Company has entered into a definitive agreement to acquire control of the Brooklyn-based operations of FoodSaver New York, Inc. (“FoodSaver NY”), a wholesale food distributor and Good Food For Less, LLC (“Good Food NY”), a specialty supermarket. DTL has also advised that the Company has incorporated a New York subsidiary, Marnock LLC, which will acquire the Brooklyn-based operations of FoodSaver NY and Good Food NY as a going concern. The consideration for these acquisitions will be in the form of both cash and shares with Marnock LLC issuing a 20% minority interest to Oralcrys LLC, an entity beneficially controlled by the former owner-operator of those businesses. The overall consideration upon completion is expected to be valued between USD$8.9 million and USD$9.1 million. For further information visit, www.jamstockex.com
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