Innovative Food Holdings Acquires Assets of Golden Organics
October 18, 2024
Innovative Food Holdings, Inc. (IVFH) entered into a definitive agreement to acquire 100% of the assets of Golden Organics, LLC for $1.75 million ($1.4M cash and a $350k five-year seller note). Golden Organics, a Denver/Golden, Colorado-based specialty organic food distributor with ~$6.8M trailing-twelve-month revenue and a 22,000 sq. ft. leased warehouse, will expand IVFH's product assortment, sourcing capabilities and customer base across foodservice, manufacturing and retail channels.
- Buyers
- Innovative Food Holdings, Inc.
- Targets
- Golden Organics, LLC
- Sellers
- Golden Organics, LLC (owned/founded by David Rickard)
- Industry
- Food & Beverage
- Location
- Colorado, United States
- Transaction Type
- Buyout
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