NexCen Brands, Inc. is pleased to announce that it has entered into definitive agreements to acquire MaggieMoo’s International, LLC (”MaggieMoo’s”) and the assets of Marble Slab Creamery, Inc. (”Marble Slab”), two well known and established brands within the hand-mixed premium ice cream category, for a total combined initial purchase price of $37.1 million, plus a potential earn-out of up to $2 million on the MaggieMoo’s acquisition.
These two transactions are expected to be completed before the end of the first quarter and will mark the first acquisitions for NexCen in the quick service restaurant (QSR) sector, and establish the QSR operating platform for NexCen’s third operating vertical, in addition to its consumer branded products and retail franchise based businesses.
No comments yet.