Lifecore entered into sales agreement for 10-head isolator filler

Lifecore (LFCR) Biomedical announced that it has entered into a sales agreement with a non-competitive buyer for the company’s previously purchased, but not yet installed, high-speed, multi-purpose 10-head isolator filler. Under the terms of the agreement, the buyer will pay Lifecore an aggregate purchase price of $17M in exchange for the 10-head filler. Lifecore received $7M at closing and anticipates receiving the remaining payments in three tranches over the next 18 months.