First Bev and Manna Tree Acquire Controlling Stake in Health-Ade
August 16, 2021
First Bev acquired a controlling stake in Health-Ade with investment backing from Manna Tree; financial terms were not disclosed. Jack Belsito (First Bev) will become CEO while co-founder Daina Trout transitions to Chief Mission Officer as the company pursues further domestic and international retail expansion.
- Buyers
- First Bev, Manna Tree
- Targets
- Health-Ade
- Sellers
- CAVU Venture Partners
- Industry
- Food & Beverage
- Location
- California, United States
- Transaction Type
- Buyout
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