Real American Brands to buy into cleaning services firm J. C. Decierdo.
US Real American Brands Inc (PINK:RLAB) said yesterday it had signed a letter of intent to buy a stake in local J. C. Decierdo Corp (JCD), a provider of home and institutional cleaning services, in exchange for cash and stock.
In addition to a "substantial ownership" in JCD, Real American Brands will get a management board position in the company and secure JCD's commitment to transition towards green and non-toxic cleaning products, Real American Brands said in a written statement.
JCD serves the desert communities of Palm Springs, Palm Desert, Rancho Mirage, Indian Wells, La Quinta and Indio.
Real American Brands specialises in finding and backing up products reflecting the US culture, heritage and way of life.
Sector: Business and Consumer Services
Target: J. C. Decierdo Corp
Buyer: Real American Brands Inc
Type: Corporate acquisition
Financing: Cash & Stock
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|Publication:||M & A Navigator|
|Date:||Jun 25, 2010|
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