M&A Deal Summary

PLAD Acquires Elev8 Hemp

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2016-10-21
Target Elev8 Hemp
Sector Food
Buyer(s) PLAD
Sellers(s) Kona Gold Beverage
Deal Type Divestiture

Target

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(S) 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 STATS #
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(S) 1

SELLER

Kona Gold Beverage

Melbourne, Florida, United States
Category Company
Sector Beverages
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 is based in Melbourne, Florida.

DEAL STATS #
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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