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Laird Superfood to get PE majority investor alongside Navitas acquisition
Yahoo Finance· 2025-12-23 10:30
Group 1 - Laird Superfood has agreed to acquire Navitas for $38.5 million, enhancing its portfolio in the organic food and beverage sector [1][2] - The acquisition will be financed through Nexus Capital Management's investment of $50 million in Series A stock of Laird Superfood [1][2] - Nexus will hold over 53.5% of Laird Superfood's issued stock post-acquisition, with five representatives on the board [3] Group 2 - Laird Superfood reported net sales of $36.5 million in the first nine months of the year, reflecting a 15% increase year-over-year [4] - The company experienced a net loss of $1.5 million, compared to a loss of $1.4 million in the same period of the previous year [4]