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    KAHL   US4828332092

KAHALA BRANDS, LTD.

(KAHL)
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Kahala Brands, Ltd. completed the acquisition of all of the assets of Sweet Frog Enterprises, LLC.

09/25/2018 EST

Kahala Brands, Ltd. (OTCPK:KAHL) acquired all of the assets of Sweet Frog Enterprises, LLC for $35 million on September 4, 2018. A total of approximately $28.9 million was paid on closing, financed from MTY's cash on hand and existing credit facilities, while $2.6 million in liabilities was assumed and $3.5 million was held back. Following the closing of the transaction, MTY expects to consolidate operations and run the franchising platform under the leadership of Jeff Smit, COO of MTY's U.S. operations, from its U.S. headquarters in Scottsdale, Arizona. The transaction remains subject to multiple customary conditions and is expected to close within 30 days. Boxwood Partners, LLC advised in the transaction. Kahala Brands, Ltd. (OTCPK:KAHL) completed the acquisition of all of the assets of Sweet Frog Enterprises, LLC on September 25, 2018.


ę S&P Capital IQ 2018
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Managers and Directors
Jeff Smit Chief Operating Officer & Executive Vice President
Michael Reagan Secretary, Executive VP & General Counsel
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