Golden Grail Beverages Announces Strategic Update on UPDC Beverages Acquisition
Golden Grail Beverages Corp. (OTC: GOGY) has announced plans to acquire the operational assets of UPDC Beverages through an Asset Purchase Agreement, rather than acquiring the company as a wholly owned subsidiary. The legal team is finalizing the agreement, expected to be executed in 2025.
UPDC Beverages operates a state-of-the-art facility in Naples, Florida, offering co-packing services for various beverage products, including energy drinks, carbonated beverages, and functional beverages. The facility specializes in bottling, canning, and filling services for containers ranging from shots to 32oz.
This acquisition aligns with GOGY's new business strategy for 2025, representing an important initial business move under the company's new management team.
Golden Grail Beverages Corp. (OTC: GOGY) ha annunciato piani per acquisire le attività operative di UPDC Beverages tramite un Contratto di Acquisto di Attività, anziché acquisire l'azienda come filiale interamente controllata. Il team legale sta finalizzando l'accordo, previsto per essere eseguito nel 2025.
UPDC Beverages gestisce una struttura all'avanguardia a Napoli, Florida, offrendo servizi di co-packing per vari prodotti beverage, inclusi le bevande energetiche, le bevande gassate e le bevande funzionali. La struttura è specializzata nei servizi di imbottigliamento, inscatolamento e riempimento per contenitori che variano da shots a 32 oz.
Questa acquisizione si allinea con la nuova strategia aziendale di GOGY per il 2025, rappresentando un'importante mossa commerciale iniziale sotto il nuovo team di gestione dell'azienda.
Golden Grail Beverages Corp. (OTC: GOGY) ha anunciado planes para adquirir los activos operativos de UPDC Beverages a través de un Acuerdo de Compra de Activos, en lugar de adquirir la compañía como filial de propiedad total. El equipo legal está finalizando el acuerdo, que se espera se ejecute en 2025.
UPDC Beverages opera una instalación de última generación en Naples, Florida, ofreciendo servicios de co-packing para varios productos de bebidas, incluyendo bebidas energéticas, bebidas carbonatadas y bebidas funcionales. La instalación se especializa en servicios de embotellado, enlatado y llenado para contenedores que varían desde shots hasta 32 oz.
Esta adquisición se alinea con la nueva estrategia comercial de GOGY para 2025, representando un importante movimiento empresarial inicial bajo el nuevo equipo directivo de la empresa.
골든 그래일 베버리지 Corp. (OTC: GOGY)는 UPDC Beverages의 운영 자산을 전체 자회사로 인수하는 대신 자산 구매 계약을 통해 인수할 계획을 발표했다. 법률 팀은 2025년에 실행될 예정인 계약을 마무리하고 있다.
UPDC Beverages는 플로리다 주 네이플스에 최첨단 시설을 운영하고 있으며, 에너지 음료, 탄산 음료 및 기능성 음료 등 다양한 음료 제품에 대한 공동 포장 서비스(co-packing)를 제공하고 있다. 이 시설은 샷부터 32온스까지 다양한 용기들을 위한 보틀링, 캔닝 및 충전 서비스에 전문화되어 있다.
이번 인수는 GOGY의 2025년 신규 비즈니스 전략과 일치하며, 회사의 새로운 경영진 하에 중요한 초기 비즈니스 움직임을 나타낸다.
Golden Grail Beverages Corp. (OTC: GOGY) a annoncé son intention d'acquérir les actifs opérationnels de UPDC Beverages par le biais d'un Accord d'Achat d'Actifs, plutôt que d'acquérir l'entreprise en tant que filiale à part entière. L'équipe juridique finalise l'accord, qui devrait être signé en 2025.
UPDC Beverages exploite une installation ultra-moderne à Naples, en Floride, offrant des services de co-packing pour divers produits de boissons, y compris des boissons énergétiques, des boissons gazeuses et des boissons fonctionnelles. L'installation se spécialise dans les services de mise en bouteille, de mise en boîtes et de remplissage pour des contenants allant des shots aux 32 oz.
Cette acquisition s'inscrit dans la nouvelle stratégie commerciale de GOGY pour 2025, représentant un important premier pas commercial sous la direction de la nouvelle équipe de direction de l'entreprise.
Golden Grail Beverages Corp. (OTC: GOGY) hat Pläne zur Übernahme der operativen Vermögenswerte von UPDC Beverages durch einen Asset-Kaufvertrag bekannt gegeben, anstatt das Unternehmen als Tochtergesellschaft zu übernehmen. Das Rechtsteam finalisiert derzeit den Vertrag, der voraussichtlich 2025 in Kraft tritt.
UPDC Beverages betreibt eine hochmoderne Anlage in Naples, Florida, die Co-Packing-Dienste für verschiedene Getränkeprodukte anbietet, darunter Energydrinks, kohlensäurehaltige Getränke und funktionale Getränke. Die Anlage ist auf Abfüll-, Dosen- und Befüllungsdienste für Behälter von Shots bis 32 oz spezialisiert.
Diese Übernahme passt zur neuen Geschäftsstrategie von GOGY für 2025 und stellt einen wichtigen ersten Geschäftsschritt unter dem neuen Managementteam des Unternehmens dar.
- Strategic acquisition of UPDC's operational assets including state-of-the-art Naples facility
- Access to established co-packing capabilities for various beverage products
- Expansion into full-service beverage production infrastructure
- Delayed execution timeline extending into 2025
- Final agreement terms and purchase price not yet disclosed
FT. LAUDERDALE, Fla., Dec. 27, 2024 (GLOBE NEWSWIRE) -- Golden Grail Beverages Corp. (OTC: GOGY the “Company”), a leader in the beverage industry, known for its innovative and sustainable products, announced on December 11, 2024, that it would be entering into an acquisition agreement with United Product Development Corporation (UPDC Beverages), a Nevada corporation. To clarify, the Company intends to enter into a definitive Asset Purchase Agreement to acquire and assimilate the operational assets of UPDC Beverages, rather than acquiring the company as a wholly owned subsidiary.
Mr. Scott Lomo, GOGY CEO, states, “The Company has made the decision that the best course of action is to acquire the operational assets of UPDC Beverages. Our legal team is currently finalizing the draft of an Asset Purchase Agreement (and related ancillary exhibits) and expects to have the final agreements in place for execution by all interested parties in 2025. Again, this initial transaction under our new management team is part of our recently announced new business focus of the Company. As part of this new strategy, we intend to execute the proposed Asset Purchase Agreement to acquire the operational assets of UPDC Beverages in a seamless manner. We feel that this transaction is an important initial business move for the Company as it meets our business strategy for 2025. Upon full execution of the proposed Asset Purchase Agreement by all interested parties, we will make the required supplemental disclosures with OTC Markets, Inc. and post a post transaction press release.”
UPDC Beverages is a full-service co-packing partner to commercial clients offering a variety of services for complex and functional beverages, and operates a state-of-the-art facility in Naples, Florida (Naples Facility). They provide co-packing services for a wide range of beverage products specializing in bottling, canning and filling energy drinks, carbonated beverages, functional beverages, and liquid fills from shots up to 32oz. The Naples Facility has all the required equipment to handle multiple sizes of packaging and quantities, ensuring that its numerous clients have the flexibility they need to produce their products efficiently and cost-effectively. A view of the Naples Facility can be viewed at UPDC Beverages web site at www.UPDCBeverages.com
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About Golden Grail Beverages
Golden Grail Beverages is a rapidly expanding company dedicated to acquiring, innovating, and scaling a diverse portfolio of beverages. With a focus on sustainability and consumer engagement, Golden Grail is committed to providing high-quality, energizing, and refreshing drinks to its customers. For more information, visit https://goldengrailbeverages.com/
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FAQ
What assets is Golden Grail Beverages (GOGY) acquiring from UPDC Beverages?
When will GOGY complete the UPDC Beverages asset acquisition?
What production capabilities will GOGY gain from the UPDC facility?
How does the UPDC asset acquisition align with GOGY's business strategy?
