TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Pure Foods Tasmania Ltd. ( (AU:PFT) ) has issued an announcement.
Pure Foods Tasmania Ltd has completed the acquisition of Elato Ice Cream, a premium brand sold across the East Coast of Australia. This acquisition, which includes all intellectual property and brand assets, aims to establish a new Ice Cream Division by merging Elato with The Cashew Creamery. The move is expected to enhance PFT’s market reach and operational efficiency, adding over $600,000 in annual sales and expanding its product offerings to include both dairy and plant-based options. The appointment of Elato’s founder, Roz Kaldor-Aroni, as General Manager of the new division is set to drive sales growth and product development, aligning with shareholder interests through performance-based remuneration.
More about Pure Foods Tasmania Ltd.
Pure Foods Tasmania Ltd is a company operating in the food industry, focusing on premium and plant-based frozen desserts. The company is expanding its market presence through strategic acquisitions and leveraging its manufacturing assets in Tasmania.
Average Trading Volume: 496,406
Technical Sentiment Signal: Hold
Current Market Cap: A$4.49M
Learn more about PFT stock on TipRanks’ Stock Analysis page.