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Safe & Green Holdings Corp. Signs Letter of Intent to Acquire Giant Containers Inc.
GlobeNewswire News Roomยท 2025-06-02 12:30
Core Points - Safe & Green Holdings Corp. has signed a non-binding Letter of Intent to acquire Giant Containers Inc., a leader in modular, container-based infrastructure solutions [1][2] - The acquisition will involve the purchase of 100% of Giant Containers' issued and outstanding shares and the appointment of Giant's CEO, Daniel Kroft, as Vice President of Business Development at Safe & Green [2] - Giant Containers has a strong reputation for high-quality craftsmanship and sustainable construction practices, serving notable clients such as Tesla, Nike, and General Motors [3] - Giant currently has over $6.8 million in active projects under contract, which Safe & Green will assume post-acquisition [4] - The acquisition aligns with Safe & Green's mission to enhance critical infrastructure through modular, ESG-aligned solutions and is expected to close on or before June 15, 2025, pending customary conditions [5] Company Overview - Safe & Green Holdings Corp. specializes in the design and fabrication of modular structures, focusing on safe and green solutions across various industries [6]