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Slide #28. Boulder Brands, Inc. — EVOL Foods
Boulder Brands, Inc. (BDBD)
Boulder Brands, Inc. (NasdaqGM: BDBD) today announced it acquired 100% of the equity interests of Phil's Fresh Foods, LLC, owner of EVOL Foods ("EVOL"), for $48 million, before future tax benefits. Boulder Brands is buying EVOL from founder Phil Anson and a group of investors including Alliance Consumer Growth and an investment vehicle created by Revelry Brands and Spier Capital Management.
Boulder Brands provides food solutions that target specific health trends. Co. distributes its products in retail channels, including natural, grocery, club and mass merchandise, as well as in the foodservice and industrial channels. Co.'s product portfolio consists of a range of food products marketed under the Udi's®, Glutino®, Gluten-Free Pantry®, Earth Balance®, Level Life, EVOL and Smart Balance® brands. Co.'s business consists of two reportable segments: Natural and Balance. In the Natural Segment, products sold include Co.'s Udi's, Glutino, and EVOL branded products. In the Balance segment, products sold include Co.'s Smart Balance, Earth Balance and Level Life brands.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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