Mama's Creations, Inc. (Nasdaq: MAMA) has acquired substantially all of the assets of Crown I Enterprises Inc., a full-service protein and ready-to-eat meals manufacturer.
The acquisition brings approximately $56 million in profitable annual revenue to Mama's Creations, expanding the sales base by nearly 40% and broadening the customer reach into strategic new accounts.
Crown I Enterprises adds new strategic capabilities, including a USDA-certified production facility in Bay Shore, NY, and approximately 200 employees, enhancing production capacity and management strength.
Strategic Acquisition
Mama's Creations acquired Crown I Enterprises to expand its customer base, production capabilities, and reach new accounts.
Financial Impact
The acquisition brings an additional $56 million in annual revenue to Mama's Creations and is expected to be accretive.
Synergy and Efficiency
The proximity of Crown's facility to Mama's existing location allows for operational efficiencies and synergies in production and warehousing.
- The acquisition bolsters Mama's position as a one-stop-shop deli solutions platform with enhanced poultry, beef, and prepared foods production capabilities.
- It accelerates Mama's progress towards its goal of reaching $1 billion in annual revenue by 2030 through cross-selling and cost-saving opportunities.
The acquisition of Crown I Enterprises positions Mama's Creations for significant growth in revenue, customer base, and operational capabilities, aligning with the company's long-term strategic goals.