Golden Star Enterprises Announces Acquisition Of Super Fresh Foods Usa
Mar 02, 2023•almost 3 years ago
Acquiring Company
Golden Star Enterprises Ltd
Acquired Company
Super Fresh Foods
Event ManagementEventsHospitalityFood And Beverage
Description
via NewMediaWire -- Golden Star Enterprises Ltd. (OTCPink: GSPT)(the “Company”) is pleased to announce that we have entered into a definitive agreement for the acquisition of Super Fresh Foods USA ("Super Fresh"), a U.S.-based food-tech company established in 2022, specializing in meal-subscription operations. Following the closing of the transaction, Super Fresh shall operate as a 100% owned subsidiary of the Company. In return, the Super Fresh shareholders will be issued a total of 84,000,000 new shares. The Company will also add two new members, that will be nominated by Super Fresh, to its existing board of directors.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed