Inventure to review options

1 Aug 2016

Specialty food marketer and manufacturer Inventure Foods is to commence a strategic and financial review with the objective to increase shareholder value.

Inventure to review options

Specialty food marketer and manufacturer Inventure Foods is to commence a strategic and financial review with the objective to increase shareholder value. This review will include a thorough evaluation of the company's current operating plan and may result in the company continuing to pursue value-enhancing initiatives as a standalone company, capital structure optimisation, a sale of the company, a sale of certain assets of the company or other business combination, it said. A committee of three independent directors has been established to oversee the review.

"The board of directors is committed to increasing shareholder value. We determined after careful consideration, that this is an appropriate time to undertake a comprehensive strategic and financial review of the business," said David L. Meyers, Chairman of Inventure Foods. "While the review is ongoing, the company will remain focused on delivering improved financial performance by continuing to execute our strategic initiatives."

There can be no assurance that this strategic and financial review will result in any specific action, or any assurance as to its outcome or timing, Inventure said. The company does not intend to comment further regarding the strategic and financial review until the board of directors approves a specific action or concludes its review.