Wellcom Group Limited (ASX:WLL) acquired Dippin' Sauce LLC for $2.2 million in cash on July 1, 2015. Wellcom acquired the business and selected assets and liabilities of Dippin' Sauce. The acquisition will be funded out of a combination of cash reserves and U.S. debt finance for $2 million. Dippin' Sauce has annual revenues of approximately $2 million. The transaction is expected to be EPS accretive in financial year 2016.

Wellcom Group Limited (ASX:WLL) completed the acquisition of Dippin' Sauce LLC on July 1, 2015.