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ALKM Acquires Maury Island Farm Jams and Preserves and Quinn's Pepper Jellies.

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Vincent

MANews-(C)2009-2022

US-based holding company Alkame Holdings, Inc's (OTC: ALKM) West Coast Copacker Inc subsidiary has closed on the acquisitions of two specialty food brands, Maury Island Farm and Quinn's Pepper Jellies, the company said.

The acquisition includes intellectual property, inventory, and production equipment. The acquisitions were completed without issuance of any company stock.

Both product lines are native to the Pacific Northwest with fruits and ingredients procured from the local region and handcrafted in small batches.

The integrity of these long-standing brands will continue as the acquisition allows a seamless transition for both companies to work together in ensuring a smooth and speedy integration.

Although these regional brands have a history of annual revenue in the USD 700,000 to USD 1m range, the West Coast Copacker capabilities look to exceed the revenue models by up to 4x within the first year or two, and expectations are to grow these brands into additional regions towards a national brand status.

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