BETHESDA, MD--(Marketwired - Feb 19, 2014) - Nutroganics, Inc. (PINKSHEETS: NUTT) ("Nutroganics") announces signing a definitive agreement to acquire NuStar Nutritional Manufacturing Company, LLC ("NuStar"). The transaction is expected to close by March 31, 2014; subject to customary closing conditions and a financing contingency.
The Company's management further announces that it has secured a term sheet for the financing required to close the transaction subject to a suitable asset appraisal.
Nutroganics, Inc. focuses on acquiring and operating revenue-generating businesses in the healthy lifestyle space, primarily the nutritional supplement, and natural and organic food industries. The company, through its subsidiary, Silverbow Honey Company, produces, packages, and sells honey products. It sells its products to food manufacturers and national grocery chains under the Silverbow brand and private label brands. Nutroganics, Inc. is based in Bethesda, Maryland.
NuStar is a state of the art, specialty nutritional manufacturing facility in Orem, UT. NuStar specializes in manufacturing liquid, gel, and powder nutritional supplements in single and multiple dose flexible packets, pouches, and containers. NuStar's capabilities include formulating, sourcing, blending, mixing, batching, filling, and packing nutritional products for customers.
For more information about this release, contact David Sackler at firstname.lastname@example.org or at (516)-513-5113.
This release may contain forward-looking statements, which involve known and unknown risks, uncertainties, and other factors, which may cause Nutroganics' actual results, performance, or achievements to be materially different from actual future results expressed or implied by the forward-looking statements. We undertake no obligation to update any forward-looking statements after the date of such statements.