$5M capital raise completed to expand branded produce and create products
Flavorful Brands, marketers of Tasti-Lee® Tomatoes and Goldies® Onions in the U.S. and Canada, announced yesterday that it completed a Series A $5 million capital raise with strategic investor House Foods Group Inc., a Japanese food conglomerate with substantial U.S. holdings. The agreement was signed with Flavorful Brands’ current owners--LHF, Inc. of Mission Viejo, CA. and Marrero Venture, Inc. of San Diego, CA--and Bejo Seeds, Inc. of Oceano, CA. (a division of Bejo Zaden, Warmenhuizen, The Netherlands) and the representative director and president of Tokyo-based House Foods Group Inc.