Business
Amfil Technologies Inc. Announces The Acquisition of Natural Stuff Inc., Distributors of 28 Black Amongst Other Products
Amfil Technologies Inc. Announces The Acquisition of Natural Stuff Inc., Distributors of 28 Black Amongst Other Products.
About this update from Amfil Technologies Inc.
[{"type":"text","content":"\n \n \n Amfil Technologies Inc. Announces The Acquisition of Natural Stuff Inc., Distributors of 28 Black Amongst Other Products\n \n \nAmfil Technologies Inc. Announces The Acquisition of Natural Stuff Inc., Distributors of 28 Black Amongst Other Products\n \n TORONTO, ON--(Marketwired - Nov 1, 2017) - Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to announce that it has closed on the acquisition of Natural Stuff Inc. to further expand on the distribution side of the company. Natural Stuff Inc. is a distributor of products to over 300 clients across Canada. Natural Stuff Inc. holds distribution rights to many food and beverage brands including 28 Black, a wildly popular premium energy drink. Further, Natural Stuff Inc. is in the process of closing several deals with large and small format retailers across Canada, with a potential of over 5000 locations collectively. \n As part of the acquisition agreement, the founder and President of Natural Stuff Inc., Silvano Racioppo, will remain in a leadership position for the entity, and will act as a consultant for the expansion of all associated business. Mr. Racioppo has over 25 years' experience in the distribution and logistics industries, having expanded into many food and drink brands, leading to generation of approximately $18 Million per year in revenue for his business. \n A family tragedy in early 2017 pulled Mr. Racioppo away from his work, leading him to temporarily relinquish most of his market share while he cared for his family. Through this new partnership, as well as the leadership and organizational resources of Amfil Technologies Inc., it is anticipated that Mr. Racioppo will be able to restore much of the $18 million market share that he had obtained prior to the incident. Coupling this with the new targeted markets, this acquisition could significantly impact the company's bottom line in a positive manner over the coming months and years. \n Further to the revenues expected from the current and potential market share of Natural Stuff Inc., the established portfolio of distributed brands will serve as an inroad for the portion of the emerging brands currently carried by Snakes & Lattes, including those products carried by the distribution division. This will be paramount to further fuel the explosive expansion of this division, and the brand as a whole. \n...