MINDEN, Nev., U.S. – DTS8 Coffee Company, Ltd. announced today that it has executed a Letter of Intent to acquire a wholesale coffee roaster located on the East Coast in the United States.
Terms of the contemplated acquisition require that DTS8 acquire 100% of the issued and outstanding shares of the target company.
The acquisition is subject to a number of conditions, including DTS8 completing and accepting the results of its due diligence investigation, a valuation opinion and receiving audited financial statements.
Further details of the proposed transaction are not being disclosed at this time.
Douglas Thomas, CEO of DTS8, stated, “This planned acquisition will add significant strength to our existing business, as it provides synergistic benefits for our operations in China and the U.S. company.
Upon completion of the proposed acquisition, DTS8 will be one of the first U.S.-based coffee companies with roasting facilities in both the U.S. and China.”
