Jandakot based food manufacturer FFI Holdings Ltd has entered into an agreement to purchase Golden Popcorn, for $150,000.Golden Popcorn is a Western Australian based business that has been in operation for over 30 years, packing and distributing a range of retail popcorn products.FFI intends to merge the new business with its existing Olympic Fine Foods division.The business is strategically an ideal fit for FFI. Golden Popcorn has many synergies with the existing FFI business operations and will assist in expanding the company's confectionery and snack foods division.The purchase together with the working capital will require an investment of approximately $150,000, which will be funded from cash reserves and existing lines of credit.
Complete your details below to receive our twice-daily news emails and our BN Weekender.
© Business News 2017. You may share content using the tools provided but do not copy and redistribute.