Greene Concepts, Inc., Marion, N.C., acquired Mammoth Ventures Inc., a Venice, Calif.-based holding company. The acquisition includes Mammoth Ventures’ 60,000-square-foot beverage and bottling facility in Asheville, N.C., as well as all bottling equipment, fixtures, inventory and assets.
The Asheville bottling facility has the capacity to produce approximately 8 million cases per year, with room to expand for future growth.
“I am very pleased to be a part of Greene Concepts’ acquisition of Mammoth Ventures and the North Carolina bottling facility,” says Lenny Greene, interim CEO of Greene Concepts Inc. “This acquisition will greatly enhance the balance sheet of Greene Concepts with the addition of a major asset on the books in addition to the growth potential for the company within the specialty beverage industry. I am very happy for all of our shareholders. The company will soon be announcing the incoming transition of a much respected new management team.”