Gori Nutrition Co., Ltd.. concluded an acquisition agreement with Group KPS, long-time distributor of Goli products, Bastion Capital; consumer-based businesses, and One of the original founders of Goli.
The company said the deal requires approval from Quebec and U.S. courts as part of the preparatory process under Canada’s Companies Creditor Arrangement Act (CCAA), but has already received support from Gori’s lenders. It is said that there is. Until final approval is received, Goli will continue to operate its business. and deliver that product to consumers, distributors, and retail partners. Gori said that once the transaction is completed, the company will consider leveraging the resources provided by the acquirer group.
“Group KPS is a long-standing distributor of Gori products and believes our iconic brand, exceptional product quality and high repeat purchase rates across our loyal consumer base have strong long-term potential. We believe that there is,” said Felipe Preciado, CEO of the group. KPS, in an announcement.
The company said the definitive acquisition agreement will not only strengthen Gori’s balance sheet but also facilitate investment in new product innovation. This will allow Goli to retain members of its original management team. and further strengthen our partnerships with retailers around the world.
