California State Teachers Retirement System lessened its stake in Tattooed Chef, Inc. (NASDAQ:TTCF – Get Rating) by 9.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,447 shares of the company’s stock after selling 5,993 shares during the quarter. California State Teachers Retirement System’s holdings in […]
Transactions Expected to Close in Early May
Company Updates 2021 Outlook
PARAMOUNT, Calif., May 03, 2021 (GLOBE NEWSWIRE) Tattooed Chef, Inc. (Nasdaq: TTCF) (“Tattooed Chef” or the “Company”), a leader in plant-based foods, today announced it has entered into agreements to acquire New Mexico Food Distributors, Inc. and Karsten Tortilla Factory, LLC (collectively referred to as “Foods of New Mexico”) for approximately $35 million in cash. The transactions have been unanimously approved by Tattooed Chef’s Board of Directors. Tattooed Chef expects to close the transactions in early May, subject to customary closing conditions.
Founded in 1987 and headquartered in Albuquerque, New Mexico, Foods of New Mexico is a prepared food company that produces ready-to-eat Mexican food items for both retail and food service. Foods of New Mexico’s facility in Albuquerque currently produces Mexican foods including quesadillas, burritos, and other handheld items, as well as sauc