Business
Romana Food Brands Corp. Acquires Pizza Romana, a Significant Pizza Manufacturer with Budgeted Sales Revenues in Excess of $17 Million in its 2018 Fiscal Year
Romana Food Brands Corp. Acquires Pizza Romana, a Significant Pizza Manufacturer with Budgeted Sales Revenues in Excess of $17 Million in its 2018 Fiscal Year.
About this update from Romana Food Brands Corp
[{"type":"text","content":"\n\n\n\nRomana Food Brands Corp. Acquires Pizza Romana, a Significant Pizza Manufacturer with Budgeted Sales Revenues in Excess of $17 Million in its 2018 Fiscal Year\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nRomana Food Brands Corp. Acquires Pizza Romana, a Significant Pizza Manufacturer with Budgeted Sales Revenues in Excess of $17 Million in its 2018 Fiscal Year\nPR Newswire\nMONTRÉAL, Dec. 7, 2017\n\n\n\nWith Current Production Capabilities of 5,000 Pizzas Per Hour, the Company Moves to Bolster Market Position\n\n\n\nMONTRÉAL, Dec. 7, 2017 /PRNewswire/ - Romana Food Brands Corp. (OTC Pink: RFBC), is pleased to announce that following the acquisition of Pasta Romana, the Board of Directors have successfully concluded the acquisition of the Montreal based pizza manufacturer, a significant player in the industry, whose newly renovated facility will soon be equipped to produce in the range of 5,000 thin crust pizzas per hour and 5,000 rising crust or stuffed crust pizzas per hour. \n\nBoasting 60,000 square feet of manufacturing space, the facility has significant potential for on site future expansion. \"This is a very significant milestone in our strategy to become a leader in the industry. We anticipate, that between our plans to grow the Pizza Romana brand, and the potential represented by private labelling, these delicious premium pizza products will become fundamental in our strategy for growth.\" stated Morrie Fogelbaum, CEO and Chairman of the Board.\n\nPizza Romana currently produces pizza for Imvescor Restaurant Group Inc., under the \"Mike's\" private label, and has established distribution through Colabor, Costco, Loblaws, Metro, Regitan, Sobey's, and Walmart.\n\nThe Company recently announced that its Board of Directors has elected a new Chairman and CEO, who comes with well over four decades of experience to drive the Company to its next level. The Board of Directors, as part of its strategy to formulate, produce and market its authentic Italian \"Pasta Romana\" selections and privately br...