Bemax Inc. Signs Letter of Intent to Acquire Kona Gold, LLC
Bemax Inc. (OTC Pink: BMXC) has signed a Letter of Intent to acquire Kona Gold, from Kona Gold Beverage, Inc. (OTC Pink: KGKG). This strategic move aims to strengthen Bemax's consumer packaged goods portfolio and drive market growth. The acquisition aligns with Bemax's mission to diversify and enhance its market presence in the CPG industry.
Bemax plans to leverage Kona Gold's existing market presence and consumer loyalty to drive growth and innovation. The company anticipates completing the transaction in the coming months, with integration efforts starting immediately thereafter. This acquisition is expected to positively impact Bemax's revenue and market position, enhancing shareholder value.
Bemax Inc. (OTC Pink: BMXC) ha firmato una Lettera di Intenti per acquisire Kona Gold da Kona Gold Beverage, Inc. (OTC Pink: KGKG). Questa manovra strategica mira a rafforzare il portafoglio di beni di consumo confezionati di Bemax e a stimolare la crescita del mercato. L'acquisizione è in linea con la missione di Bemax di diversificare e migliorare la propria presenza nel settore CPG.
Bemax prevede di sfruttare la presenza di mercato esistente di Kona Gold e la fedeltà dei consumatori per promuovere crescita e innovazione. L'azienda si aspetta di completare la transazione nei prossimi mesi, con sforzi di integrazione che inizieranno immediatamente dopo. Si prevede che quest'acquisizione avrà un impatto positivo sui ricavi e sulla posizione di mercato di Bemax, aumentando il valore per gli azionisti.
Bemax Inc. (OTC Pink: BMXC) ha firmado una Carta de Intención para adquirir Kona Gold de Kona Gold Beverage, Inc. (OTC Pink: KGKG). Este movimiento estratégico tiene como objetivo fortalecer el portafolio de productos de consumo empaquetados de Bemax y fomentar el crecimiento del mercado. La adquisición está alineada con la misión de Bemax de diversificar y mejorar su presencia en la industria de CPG.
Bemax planea aprovechar la presencia de mercado existente de Kona Gold y la lealtad de los consumidores para impulsar el crecimiento y la innovación. La compañía anticipa completar la transacción en los próximos meses, comenzando los esfuerzos de integración inmediatamente después. Se espera que esta adquisición tenga un impacto positivo en los ingresos y la posición de mercado de Bemax, mejorando el valor para los accionistas.
Bemax Inc. (OTC Pink: BMXC)는 Kona Gold Beverage, Inc. (OTC Pink: KGKG)로부터 Kona Gold를 인수하기 위한 의향서를 체결했습니다. 이번 전략적 결정은 Bemax의 소비재 포트폴리오를 강화하고 시장 성장을 촉진하는 것을 목표로 합니다. 이 인수는 CPG 산업에서의 시장 존재감을 다양화하고 향상시키려는 Bemax의 사명과 잘 맞아떨어집니다.
Bemax는 Kona Gold의 기존 시장 존재감과 소비자 충성도를 활용하여 성장과 혁신을 촉진할 계획입니다. 회사는 앞으로 몇 개월 내에 거래를 완료하고 그 직후 통합 작업을 시작할 것으로 예상하고 있습니다. 이번 인수가 Bemax의 수익과 시장 위치에 긍정적인 영향을 미칠 것으로 기대되며, 주주 가치를 강화할 것입니다.
Bemax Inc. (OTC Pink: BMXC) a signé une Lettre d'Intention pour acquérir Kona Gold de Kona Gold Beverage, Inc. (OTC Pink: KGKG). Ce mouvement stratégique vise à renforcer le portefeuille de biens de consommation de Bemax et à stimuler la croissance du marché. L'acquisition s'inscrit dans la mission de Bemax de diversifier et d'améliorer sa présence sur le marché de l'industrie CPG.
Bemax prévoit de tirer parti de la présence concurrentielle et de la fidélité des consommateurs de Kona Gold pour favoriser la croissance et l'innovation. L'entreprise anticipe de finaliser la transaction dans les mois à venir, avec des efforts d'intégration commençant immédiatement après. Cette acquisition devrait avoir un impact positif sur les revenus et la position sur le marché de Bemax, renforçant ainsi la valeur pour les actionnaires.
Bemax Inc. (OTC Pink: BMXC) hat eine Absichtserklärung unterzeichnet, um Kona Gold von Kona Gold Beverage, Inc. (OTC Pink: KGKG) zu erwerben. Dieser strategische Schritt zielt darauf ab, das Portfolio von Konsumgütern von Bemax zu stärken und das Marktwachstum voranzutreiben. Die Akquisition steht im Einklang mit dem Ziel von Bemax, seine Marktpräsenz in der CPG-Branche zu diversifizieren und zu verbessern.
Bemax plant, die bestehende Marktpräsenz und die Kundenbindung von Kona Gold zu nutzen, um Wachstum und Innovation zu fördern. Das Unternehmen geht davon aus, die Transaktion in den kommenden Monaten abzuschließen, wobei die Integrationsmaßnahmen sofort danach beginnen. Die Akquisition wird voraussichtlich positive Auswirkungen auf die Einnahmen und die Marktposition von Bemax haben, was den Wert für die Aktionäre erhöht.
- Expansion of Bemax's product portfolio in the CPG industry
- Potential increase in market share and revenue through acquisition
- Leveraging Kona Gold's brand recognition and consumer loyalty
- Expected positive contribution to Bemax's financial performance
- Acquisition subject to closing conditions and regulatory approvals
- Potential integration challenges and costs associated with the acquisition
Strategic Acquisition to Strengthen Bemax's Consumer Packaged Goods Portfolio and Drive Market Growth
Dallas, Georgia--(Newsfile Corp. - August 6, 2024) - Bemax Inc. (OTC Pink: BMXC), a private label development company with a focus on disposable diapers and women's hygienic sanitary products, is pleased to announce the signing of a Letter of Intent to acquire Kona Gold, LLC from Kona Gold Beverage, Inc. (OTC Pink: KGKG). This strategic acquisition is set to expand Bemax's portfolio, aligning with their mission to diversify and strengthen their market presence in the CPG industry.
The acquisition of Kona Gold, LLC marks a significant milestone for Bemax, Inc. and is part of its broader strategy to enhance its product offerings and market footprint. Bemax aims to leverage Kona Gold's existing market presence and consumer loyalty to drive growth and innovation, while optimizing the acquired company's supply chain, enhancing product development, and expanding market reach.
"We are excited about the opportunity to bring Kona Gold into the Bemax family," said Taiwo Aimasiko, CEO of Bemax, Inc. "This acquisition is a testament to our ongoing efforts to diversify and strengthen our CPG offerings. Kona Gold's strong brand recognition and innovative products align perfectly with our strategic vision for growth."
The acquisition is subject to customary closing conditions and regulatory approvals. Bemax anticipates completing the transaction in the coming months, with integration efforts commencing immediately thereafter. This acquisition is expected to contribute positively to Bemax's revenue and market position, further enhancing shareholder value.
About Bemax Inc.
Bemax Inc. is a forward-thinking company dedicated to delivering top-quality disposable diapers and women's hygienic sanitary products. With a focus on innovation and customer satisfaction, Bemax continues to expand its product offerings and distribution network, aiming to exceed the expectations of its growing customer base.
About Kona Gold Beverage, Inc.
Kona Gold Beverage, Inc., operates as a holding company for innovative brands. Through its subsidiaries, Kona Gold LLC, Covert LLC, and Surge Distribution, LLC, it offers a diverse range of healthy energy drinks and other premium products and distribution services. Kona Gold's premium line of energy drinks caters to health-conscious consumers, alongside its innovative HighDrate D9 Drinks. Covert LLC, operating out of Charlotte, NC, specializes in high-quality products, including Delta-8, THCa, THC-P, and Kratom. Surge Distribution, LLC, operating out of Melbourne, FL, is a diverse distribution company offering beverage and CPG products to a variety of retail locations from big box grocery stores to small family-owned specialty shops. Headquartered in Melbourne, Florida, Kona Gold Beverage, Inc. is actively engaged in expanding its market presence through strategic acquisitions.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. The Company may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the Company's Annual Reports on Form 10-K and its other filings with the Securities and Exchange Commission. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. The Company does not undertake any obligation to update publicly or to revise any statements in this release, whether as a result of new information, future events, or otherwise.
CONTACT INFORMATION
Bemax Inc.
Dallas, GA
Taiwo Aimasiko
Email: admin@bemaxinc.com
Tel: (470) 582-0807 Ext. 101
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218831
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