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Benzinga
MamaMancini’s Acquires Gourmet Food Manufacturers T&L, Olive Branch For $14M
Mamamancini’s Holdings Inc (NASDAQ: MMMB) has signed definitive agreements for two acquisitions, T&L Creative Salads Inc and Olive Branch LLC, premier gourmet food manufacturers based in New York, for a combined purchase price of $14 million. The purchase price includes $11 million in cash at closing and $3 million in a four-year note to the principals of T&L. T&L Creative Salads, owned and operated by brothers Anthony, Michael, and Joseph Morello, offers a full line of foods for retail food cha
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