WASHINGTON (FNS) -- Fresh Juice Co. has acquired Hansen's Juices for approximately $150,000, plus about 600,000 shares and warrants to buy 300,000.
Fresh Juice, Clark, N.J., reported in a filing with the Securities and Exchange Commission here that it assumes Hansen's debt in the merger.
Hansen's, which had more than $11 million in revenues in the past fiscal year, becomes a subsidiary called Fresh Juice Co. of California. The merger is expected to increase Fresh Juice's annual revenues to about $40 million.
Fresh Juice produces Just Pik't, Fresh Pik't, Florida Pik't and Ultimate juices for East Coast, Midwest and Southern retailers.
Hansen's, headquartered in Azusa, Calif., produces and distributes more than 30 fresh fruit juices and blends. Hansen's marketed its product under the Hansen's and Creative Juices brand names throughout the West and Mountain states.