Pure Foods Tasmania

Pure Foods Tasmania, the Australian food and beverage producer, has entered a binding agreement to acquire Sydney-based seafood brand Brilliant Food Australia. The all-share transaction is valued at A$300,000 ($207,000), to be satisfied through the issuance of 7.5 million shares at A$0.04 ($0.027) each. Additionally, the vendor has agreed to subscribe for a further A$200,000 ($138,000) of Pure Foods Tasmania shares at a price of A$0.03 ($0.02) per share. According …

Pure Foods Tasmania (PFT) has announced that it has completed the acquisition of Australian ice cream and gelato brand Elato Ice Cream (Elato), strengthening its frozen desserts portfolio. As part of the acquisition, PFT will take ownership of all Elato Ice Cream intellectual property and brand assets, including recipes, formulations and distribution agreements, with plans to establish a dedicated ice cream division. This division will bring together Elato Ice Cream …