NutriPure Beverages, Inc. Submits Formal Offer to Acquire Sun West Bottlers
NutriPure Beverages, Inc. (PINKSHEETS: NBVG) announced today that it has submitted a firm offer to acquire 100% of the business assets of Sun West Bottlers, a privately-owned Arizona-based bottled water manufacturer that specializes in "custom" ultra purified water. The all-cash offer includes all equipment, furniture and fixtures, intellectual property, the company name and logos, and current inventory and revenues. This transaction is separate from and in addition to the continued due diligence that NutriPure is conducting regarding a potential second bottling plant acquisition on the East Coast.
Sun West Bottlers, located at 2121 W. Willetta St., Phoenix, Arizona, is situated very near to the corporate office of NutriPure's wholly-owned subsidiary XND Technologies, Inc., and has sufficient expandable capacity to service large portions of the Western U.S. Photos and video of the facilities and equipment are available now at www.sunwestbottlers.com.
Upon completion of the acquisition, NutriPure will assume control of the business and Sun West's current management team will remain in place to assist with the transition. NutriPure has already set up a transition team headed by Steve Nickolas, CEO of NutriPure's wholly-owned subsidiary XND Technologies, to begin drafting expansion plans.
Sun West currently manufactures ultra purified custom labeled water products for hundreds of businesses in the Southwest. NutriPure intends to immediately begin expanding distribution of these products and simultaneously to begin installing its specialization equipment for its own Nu2O bottled water line.
NutriPure CEO Kenyatto Jones commented, "We have conducted an extensive search of potential bottling plant acquisitions for some time now and have been actively pursuing this specific acquisition for the past three months. We believe that Sun West is a perfect choice for our purposes, providing both an immediate income stream from a readily expandable product line that is compatible with our overall mission and a great location from which to launch our Nu2O product line."
Mr. Nickolas added, "We are excited about this announcement. The ideal location of the Sun West facilities very near the XND Scottsdale headquarters would expedite an easy transition and allow us to move ahead much more quickly with the manufacture and release of our Nu2O products."
ABOUT NUTRIPURE BEVERAGES, INC.
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Contact: Kenyatto Jones CEO (949) 400-5963