Organto Foods Inc. sells three Dutch subsidiaries to strengthen balance sheet and streamline operations.
Organto Foods Inc., a leading organic and non-GMO fruit and vegetable provider, has completed the sale of three Dutch subsidiaries to an independent third-party purchaser. The divestiture aims to strengthen its balance sheet, improve financial position, and streamline operations, as part of repositioning its business. The Sale Transaction was negotiated on an arm's length basis, involving no non-arm's length parties.
July 12, 2024
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