M Line is adding a “Better for You” Beverage Supplier and Food and beverage Distribution Division
Costa Mesa, CA, Aug. 02, 2018 (GLOBE NEWSWIRE) -- M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”), announces that it has finalized terms and signed binding letters of Intent to Acquire two Companies, one in the “Better for You” Beverage Branding and distribution business and the other in the Beverage and Food Distribution business. The Company has already started the due diligence and expects to close these acquisitions early August.
“Better for You” beverages are defined by IRI as bottled water, juice drinks, sports drinks and teas and coffee drinks. “Better for You” Beverages have enjoyed a 24.5 % increase in dollar sales and 28.2% increase in unit sales over the 52 week period ending late 2017. This segment of the “Better for You” beverage space is expected to grow to $190 Billion by 2020.
Tony Anish, CEO of M Line, stated: “These two transactions are very exciting for us. We are acquiring 55% of two companies with options to acquire a further 25% in the future but most of all we are adding three industry veterans that have been involved in the business for many years. Their reputation in the industry is impeccable and we are expecting significant growth to the group through this division. More detail will be made available to our shareholders as soon as we complete the due diligence and sign the final purchase agreements. Stay tuned for more updates.”
About M Line Holdings, Inc.
M Line has historically been a holding Company with subsidiaries involved in the aerospace industry and business financing. In the future, the Company will continue with its business financing activities, continue to contemplate aerospace opportunities as well as introduce new businesses to the group.
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For more information contact Tony Anish
E Mail: info@mlineholdings.com