$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.