Kahiki shareholders approve GTG merger
Jun 28, 2007 10:13 AM
Kahiki Foods Incís merger with GTG Foods Inc, a Ohio-based subsidiary of Delabarta Inc, has been completed. The merger was approved at a special meeting of shareholders June 22, 2007. Merger documents were filed with the state of Ohio June 25. Delabarta is a wholly owned subsidiary of ABARTA Inc, a privately held Pennsylvania corporation.
Under terms of the merger, GTG merges with and into Kahiki, with Kahiki continuing as the surviving corporation. Kahiki will continue its operations as a privately held company and subsidiary of Delabarta, with manufacturing operations in Gahanna OH. 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.
Kahiki manufactures authentic Asian frozen foods and distributes to retail grocery chains and membership warehouse clubs in the United States and abroad.
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