Wednesday, August 20, 2014
Innovative Food Acquires The Fresh Diet, Inc.
BONITA SPRINGS, Fla., Aug. 20, 2014 /PRNewswire via COMTEX/ Innovative Food Holdings, Inc. (OTCQB: IVFH), a leading nationwide provider of specialty foods, healthcare foods, gluten free foods, and direct from source artisanal foods, to the professional foodservice market, today announced that it has acquired 100% of The Fresh Diet, Inc. The Fresh Diet is the nationwide leader in freshly prepared gourmet specialty meals, using the finest specialty, artisanal, direct from source ingredients, delivered daily, directly to consumers using The Fresh Diet platform. The Fresh Diet s platform includes a company managed and owned preparation and logistics infrastructure, including a comprehensive company owned network of same day and next day last mile food delivery capabilities. For the trailing 12 months ended June 30, 2014 The Fresh Diet generated approximately $24 million in revenues. The Fresh Diet will be operated as a wholly-owned subsidiary of the Company, and the transaction is current
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