Divestiture • Food

PLAD Acquires Elev8 Hemp

On October 21, 2016, PLAD acquired food company Elev8 Hemp from Kona Gold Beverage

Acquisition Context
  • This is PLAD’s 1st transaction in the Food sector.
  • This is PLAD’s 1st transaction in the United States.
  • This is PLAD’s 1st transaction in Delaware.

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M&A Deal Summary

Date October 21, 2016
Target Elev8 Hemp
Sector Food
Buyer(s) PLAD
Sellers(s) Kona Gold Beverage
Deal Type Divestiture

Target Company

Elev8 Hemp

Dover, Delaware, United States
Elev8 Hemp LLC is a provider of high quality, organic hemp products. Elev8 Hemp Seed Coffee will be the result of the blending of roasted, organic hemp seeds with roasted, organic, Fair-trade Mexican coffee beans that produces a premium, delicious, full-flavored hemp seed coffee that does not leave a bitter after-taste.
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Buyer Overview 1

Buyer

PLAD

Viera, Florida, United States

Category Company
Sector Medical Products
DESCRIPTION

PLAD, Inc. is a manufacture of medical devices like portable, lightweight, and efficient portable lift assist device.


Deal Context for Buyer #
Overall 1 of 1
Sector: Food 1 of 1
Type: Divestiture 1 of 1
State: Delaware 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1

Seller Profile 1

SELLER

Kona Gold Beverage

Melbourne, Florida, United States

Category Company
Founded 1997
Sector Beverages
Employees21
Revenue 4M USD (2022)
DESCRIPTION

Kona Gold Beverage is a holding company focused on product development and distribution in the better-for-you and functional beverage sector. Kona Gold Beverage was founded in 1997 and is based in Melbourne, Florida.


Deal Context for Seller #
Overall 1 of 2
Sector: Food 1 of 1
Type: Divestiture 1 of 2
State: Delaware 1 of 1
Country: United States 1 of 2
Year: 2016 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-13 Flo Beverages

Longwood, Florida, United States

Flo Beverages LLC first entered the energy drink market with its SoFlo organic energy drinks, formulated and co-packed in-house, and available throughout Florida. Flo Beverages has since grown and operated out of a 3,000 sq ft facility in Longwood, FL, which is a USDA certified organic co-packing facility. Flo Beverages recently launched LiKuid, an all-organic Ketogenic Energy Drink, available in 3 great tasting flavors, which is currently distributed in Florida and Puerto Rico. Flo Beverages operates a new, state of the art co-packing line and does all formulation in-house.

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