Kahiki Foods completes merger

by FoodBusinessNews.net Staff
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GAHANNA, OHIO — Kahiki Foods, Inc. has completed its merger with GTG Foods, Inc. a subsidiary of Delabarta, Inc.

The merger was approved at a special shareholders meeting, and merger documents have been filed with the state of Ohio. Delabarta is a subsidiary of Abarta, Inc.

Kahiki will continue as the surviving corporation as well as continue its operations as a privately-held company and subsidiary of Delabarta Inc. Outstanding preferred shares were converted into the right to receive $3.288 in cash, and outstanding common shares were converted into the right to receive $2.163 in cash.

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