Greenfield Farms' acquisition of Carmela's Pizzeria set for June

May 23, 2013

Greenfield Farms Food Inc. announced the closing schedule of the previously announced acquisition of Carmela's Pizzeria for June 5. The closing will complete the acquisition of 100 percent of the equity interests of Carmela's in a newly created wholly-owned operating subsidiary of Greenfield in exchange for shares of Greenfield common stock and warrants.

"We believe closing this transaction and becoming part of a publicly traded company will allow us access to the capital we need to grow the Carmela's brand," said Ron Heineman, chairman and CEO of Carmela's Pizzeria. "We have a solid foundation to build upon and look forward to carrying out our business plan as part of Greenfield."

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Topics: Financing and capital improvements , Franchising & Growth , Operations Management

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