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Infrax Systems (IFXY) has successfully completed its acquisition of Mi Pulpe LLC, a US importer and distributor of Latin American food and beverages, as of July 29, 2022. This strategic acquisition, valued at an undisclosed amount, allows IFXY to benefit from Mi Pulpe's revenue of over $22 million in 2021 and a strong market presence. The transaction is non-dilutive for current shareholders, and Alnost USA now holds approximately 53% of IFXY's voting rights, indicating a significant change in company control. Future plans include expanding Mi Pulpe's revenue and developing new business goals.
Infrax Systems, Inc. (OTC PINK:IFXY) announced its acquisition of Mi Pulpe LLC is set to close the week of July 25, 2022. The company will not dilute shares, as it completed due diligence, and signed final documents. Mi Pulpe, a Master Importer & Distributor specializing in nostalgic food and beverages for the Latin American market, generated over $22 million in revenue in 2021. The acquisition aims to capitalize on the growing Latino/Hispanic market, slated to grow by over 50% in the next decade. The deal will be reflected in IFXY's Q1 2023 disclosure.
Infrax Systems, Inc. (OTC PINK:IFXY) has entered a merger agreement to acquire Mi Pulpe LLC, which achieved over $20 million in revenue in 2021. This strategic acquisition targets the rapidly expanding food and beverage market, especially among Latin American consumers. The deal is expected to double Mi Pulpe's revenue in the next 12-18 months through new funding and product offerings. Notably, this acquisition will not dilute current IFXY shareholders, with the closing anticipated in July 2022.