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GenTech Holdings, Inc. (GTEH) announces the successful acquisition of NXTBAR, LLC, a rapidly growing natural foods company known for its keto-friendly products. This acquisition, which closed ahead of schedule, strengthens GenTech's portfolio and distribution channels, which includes retail giants like GNC and Walmart.com. NxtBar's impressive revenue growth and operational capabilities are expected to complement GenTech's existing high-end coffee and functional food brands. The company's low-sugar, non-GMO offerings come in eight flavors, enhancing its market appeal.
GenTech Holdings, Inc. (OTC PINK:GTEH) announced that its recently acquired MPB Cookies is now being offered at most Smoothie King locations. This integration expands MPB's distribution, complementing existing partnerships with major retailers like GNC and Walmart. The launch coincides with MPB's participation in the upcoming Smoothie King trade expo, allowing franchise owners to sample products. MPB, known for gluten-free, high-protein snacks, has accrued over $2.7 million in sales in 42 months. Smoothie King continues to grow rapidly, opening new locations across the U.S.
GenTech Holdings, Inc. (OTC Pink: GTEH) has signed an asset purchase agreement to acquire MPB Cookies, a high-end protein cookie company. MPB has generated over $2.7 million in sales in 42 months and boasts a wide distribution network, including Amazon, Walmart, and GNC. David Lovatt, CEO of GenTech, expressed enthusiasm for the acquisition, highlighting expected synergies and plans for product expansion. The global health and wellness foods market is projected to grow from $764.2 billion in 2020 to $1.1 trillion by 2027, indicating strong market potential.
GenTech Holdings, Inc. (OTC Pink: GTEH) announced its acquisition of NXTBAR, LLC, a natural foods company known for its keto-friendly snacks. The acquisition is expected to close on June 25, 2021, aligning with GenTech's strategy to expand its presence in the premium coffee and functional foods sectors. NxtBar has shown impressive growth, achieving over 200% year-on-year revenue increase and partnering with over 2,000 retailers. The deal will enable operational synergies, enhancing NxtBar's reach to major retailers including Walmart.com and Amazon.com.