MamaMancini’s Acquires Minority Interest in Chef Inspirational Foods

June 30, 2022 MamaMancini’s

MamaMancini’s Holdings announced it has signed a definitive agreement to acquire a 24 percent minority interest in Chef Inspirational Foods, Inc. (“CIF”), a leading developer, innovator, marketer and sales company selling fresh and frozen prepared foods, for an investment of $1.2 million, at an implied enterprise value for CIF of $5 million.