Bemax Completes Acquisition of Kona Gold
Bemax Inc., a private label development company with a focus on disposable diapers and women's hygienic sanitary products, has completed the acquisition of Kona Gold, LLC from Kona Gold Beverage, Inc.
According to Bemax officials, the acquisition marks a pivotal moment in the company’s growth strategy, significantly enhancing its product offerings and expanding its market reach within the consumer-packaged goods sector.
"We are thrilled to officially welcome Kona Gold, LLC to the Bemax family," said Taiwo Aimasiko, CEO of Bemax, Inc. "This acquisition aligns perfectly with our vision to diversify and strengthen our market presence. By integrating Kona Gold's innovative product line and strong brand loyalty with Bemax's robust operational capabilities, we are well-positioned to drive significant growth and deliver enhanced value to our shareholders."
As part of the acquisition agreement, Bemax Inc. will issue $200,000 in Restricted Common Shares of Bemax, Inc. to be paid to Kona Gold Beverage, Inc. shareholders in the form of a dividend.
By bringing Kona Gold's established beverage brand into its portfolio, Bemax officials said the company is positioned to diversify its offerings and tap into new consumer markets.
