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Inventure to buy frozen vegetable processor

from Food Business News

Inventure Foods, Inc. has signed a letter of intent to acquire Fresh Frozen Foods, L.L.C., a Jefferson, Ga.-based frozen vegetable processor, for $38 million, plus deferred consideration of up to $3 million based on 2014 performance. The transaction, pending customary closing conditions, is expected to close in November and will be immediately accretive to earnings. more

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