MamaMancini’s Acquires Remaining Interest in Chef Inspirational Foods
MamaMancini's Holdings, Inc., a leading national marketer and manufacturer of fresh Deli prepared foods, today announced that it has purchased the remaining 76% interest in Chef Inspirational Foods, Inc. (“CIF”), a deli prepared food sales agent, following up on the June 2022 acquisition of a 24% minority interest in CIF.
The remaining 76% interest in CIF was purchased for $3.65 million at an implied enterprise value of $4.8 million. $2.15 million of the purchase price is payable in cash in two tranches, one due immediately...
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