Labor Smart, Inc. Taps Into $250 Billion Snack Market With Investment in Disruptive Snack & Beverage Company
Labor Smart, Inc. (LTNC) has announced the acquisition of a 25% stake, potentially increasing to 35%, in a newly-formed snack and beverage company. This strategic move expands LTNC's footprint in the $250 billion snack market and complements its existing LOCK'DIN product line. The acquisition leverages LTNC's Legacy Distribution network to bring innovative products to market. CEO Tom Zarro envisions these new offerings as potential game-changers, driving substantial growth. Full details about the target company and transaction will be disclosed in late November, with financial information expected in LTNC's Third Quarter filings.
Labor Smart, Inc. (LTNC) ha annunciato l'acquisizione di una partecipazione del 25%, che potrebbe aumentare fino al 35%, in una nuova azienda di snack e bevande. Questa mossa strategica espande la presenza di LTNC nel mercato degli snack da 250 miliardi di dollari e completa la sua attuale linea di prodotti LOCK'DIN. L'acquisizione sfrutta la rete di distribuzione Legacy di LTNC per portare sul mercato prodotti innovativi. Il CEO Tom Zarro prevede che queste nuove offerte possano essere cambianti delle regole del gioco, guidando una crescita sostanziale. I dettagli completi sulla società target e sulla transazione saranno divulgati a fine novembre, con informazioni finanziarie attese nei rendiconti del terzo trimestre di LTNC.
Labor Smart, Inc. (LTNC) ha anunciado la adquisición de una participación del 25%, que podría aumentar hasta el 35%, en una nueva empresa de snacks y bebidas. Este movimiento estratégico expande la huella de LTNC en el mercado de snacks de 250 mil millones de dólares y complementa su línea de productos existente LOCK'DIN. La adquisición aprovecha la red de distribución Legacy de LTNC para llevar productos innovadores al mercado. El CEO Tom Zarro visualiza estas nuevas ofertas como potencialmente transformadoras, impulsando un crecimiento sustancial. Los detalles completos sobre la empresa objetivo y la transacción se darán a conocer a finales de noviembre, con información financiera esperada en los informes del tercer trimestre de LTNC.
Labor Smart, Inc. (LTNC)는 새로 설립된 스낵 및 음료 회사의 25% 지분 인수를 발표했습니다. 이는 35%로 증가할 가능성이 있습니다. 이 전략적 움직임은 LTNC의 2,500억 달러 스낵 시장에서의 입지를 확장하고 기존 LOCK'DIN 제품 라인을 보완합니다. 이번 인수는 LTNC의 레거시 유통 네트워크를 활용하여 혁신적인 제품을 시장에 출시하는 데 기여합니다. CEO 톰 자로는 이러한 새로운 제품 제안이 잠재적으로 게임 체인저가 되어 substantial한 성장을 이끌 것이라고 예상하고 있습니다. 목표 회사 및 거래에 대한 전체 세부 사항은 11월 말에 공개될 예정이며, 재무 정보는 LTNC의 3분기 보고서에서 기대됩니다.
Labor Smart, Inc. (LTNC) a annoncé l'acquisition d'une participation de 25%, pouvant potentiellement augmenter à 35%, dans une nouvelle entreprise de collations et de boissons. Ce mouvement stratégique élargit l'empreinte de LTNC sur le marché des collations de 250 milliards de dollars et complète sa ligne de produits LOCK'DIN existante. L'acquisition exploite le réseau de distribution Legacy de LTNC pour introduire des produits innovants sur le marché. Le PDG Tom Zarro envisage ces nouvelles offres comme des potentielles révolutions, suscitant une croissance substantielle. Tous les détails concernant la société cible et la transaction seront divulgués fin novembre, avec des informations financières attendues dans les fichiers du troisième trimestre de LTNC.
Labor Smart, Inc. (LTNC) hat den Erwerb eines 25% Anteils, der möglicherweise auf 35% steigen könnte, an einem neu gegründeten Snack- und Getränkeunternehmen angekündigt. Dieser strategische Schritt erweitert die Präsenz von LTNC im 250 Milliarden Dollar Snack-Markt und ergänzt die bestehende LOCK'DIN-Produktpalette. Der Erwerb nutzt das Legacy-Vertriebsnetz von LTNC, um innovative Produkte auf den Markt zu bringen. CEO Tom Zarro sieht diese neuen Angebote als potenzielle Wendepunkte, die ein erhebliches Wachstum anstoßen könnten. Vollständige Details über das Zielunternehmen und die Transaktion werden Ende November bekannt gegeben, wobei Finanzinformationen in den Quartalsberichten von LTNC im Drittquartal erwartet werden.
- Acquisition of up to 35% stake in innovative snack and beverage startup
- Expansion into $250 billion snack market
- Complementary products to existing LOCK'DIN line
- Leveraging Legacy Distribution network for market penetration
- Potential for substantial revenue growth
- None.
Labor Smart, Inc. acquires up to
JACKSON, WY / ACCESSWIRE / October 9, 2024 / Labor Smart, Inc. ("LTNC"), a leader in brand development, manufacturing, and distribution, is thrilled to announce the acquisition of a
This acquisition significantly expands LTNC's product portfolio and strengthens its market position in the consumer goods arena. The strategic move aligns seamlessly with LTNC's existing LOCK'DIN catalogue and leverages the robust Legacy distribution network.
The Company is developing cutting-edge snack and beverage products that will complement the LOCK'DIN beverage line. These offerings will provide customers with a diverse range of drink flavors and high-quality snacks, creating a natural synergy with LTNC's growing portfolio.
"We're thrilled to announce this strategic investment as part of our ongoing efforts to expand and diversify our product offerings," said Tom Zarro, CEO of Labor Smart, Inc. "This acquisition not only aligns perfectly with our current product lines but also reflects our broader mission to develop high-quality and delicious goods that cater to evolving consumer preferences. We believe these upcoming products have the potential to become game-changers in our space, adding substantial value to our portfolio and driving revenue growth."
Legacy Distribution, LTNC's wholly-owned subsidiary and a prominent distributor of top beverage brands, will play a crucial role in bringing these new products to market. Legacy Distribution has already proven its capabilities in transforming innovative brands into household names and is well-positioned to ensure the success of this new product across LTNC's distribution channels.
The Company is eager to share more details about the products and launch dates in the coming months as development progresses. This acquisition represents another forward step for LTNC as it continues its mission of building a robust, diversified portfolio in the beverage and snack industries.
About Labor Smart, Inc.
Labor Smart, Inc. is a leading company specializing in brand development, manufacturing, and distribution. Trading on the OTC markets under the ticker symbol LTNC, the company operates through several subsidiaries, including Illumination Holdings, Next Gen Beverages LLC, and Elevate Health & Wellness Nutraceuticals.
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Contact Information
Investor Relations
ir@laborsmartinc.com
SOURCE: Labor Smart, Inc.
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FAQ
What percentage stake did Labor Smart, Inc. (LTNC) acquire in the new snack and beverage company?
When will LTNC disclose full details about the acquisition and the target company?
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