Organic Food Products Completes Spectrum Naturals Merger
Organic Food Products, Inc. (Morgan Hill, CA) as completed the definitive merger agreement with Spectrum Naturals, Inc. which had been announced on February 18, 1999. The merger will be in the form of a stock for stock exchange and will require approval of the OFPI shareholders. The companies are in the process of obtaining the necessary regulatory approvals and preparation of the related proxy materials to be submitted for shareholder approval.
"We look forward to the merger with Spectrum Naturals," said John Battendieri, Organic Food Products president and CEO. "Not only do we expect to leverage the strengths of the companies, but anticipate a financially stronger company."
Organic Food Products, Inc. manufactures and markets organic food under the Garden Valley Organic, Parrot Brand, Millina's Finest, and Grandma Millina's Kids Meals brands. In addition, the company produces organic juice products including the Energy Plus energy drink.
Spectrum Naturals, Inc. manufactures and markets organic and all natural oils, vinegar's and condiments under the Spectrum Naturals label and a line of essential fatty acids ("EFA's") nutritional supplements under the Spectrum Essentials label.