Pure Foods Tasmania has finalised the acquisition of Elato, a premium ice cream brand in Australia. The deal saw Pure Foods Tasmania (PFT) acquiring all intellectual property, brand assets, recipes and supply arrangements relating to Elato Ice Cream. The initial consideration was A$50,000 ($32,638.25) paid in PFT shares, with up to four million additional shares potentially issuable upon the achievement of revenue and profitability milestones. The acquisition creates PFT’s new Ice Cream Division, unitin ...