Rocky Mountain Chocolate Factory Inc. acquired Yogurtini, LLC and YHI, Inc. for $2.2 million.
January 13, 2013 at 11:00 pm EST
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Rocky Mountain Chocolate Factory Inc. (NasdaqGM:RMCF) acquired Yogurtini, LLC and YHI, Inc. for $2.2 million on January 14, 2013. Under the terms of the agreement, Rocky Mountain will pay $0.8 million for the assets and subject to certain holdbacks, with the ability for Yogurtini to earn an additional amount up to $1.4 million which is contingent on financial performance over a two-year period. In a related transaction, Rocky Mountain Chocolate will also acquire a controlling equity interest in U-Swirl, Inc. (OTCPK:SWRl). James A. Kuzmich of James A. Kuzmich, PLLC acted as legal advisor for Yogurtini, LLC and YHI, Inc. Paragon Capital Partners, LLC acted as financial advisor and Sonny Allison of Perkins Coie LLP acted as legal advisor for Rocky Mountain.
Rocky Mountain Chocolate Factory Inc. (NasdaqGM:RMCF) completed the acquisition of Yogurtini, LLC and YHI, Inc. on January 14, 2013.
Rocky Mountain Chocolate Factory, Inc. is an international franchisor, confectionery producer and retail operator. The Company produces chocolate candies and other confectionery products (Durango Products). It also sells its candy in select locations outside its system of retail stores. It operates through three segments: Franchising, Manufacturing and Retail Stores. It produces over 400 chocolate candies and other confectionery products, including many varieties of clusters, caramels, creams, toffees, mints and truffles. Its individual stores also offer numerous varieties of gourmet caramel apples as well as other products prepared in the store from Company recipes. It sells its products in a select number of specialty markets, including wholesale, fundraising, corporate sales, e-commerce, and private label. It has two Company-owned and has approximately 115 licensee-owned and 152 Rocky Mountain Chocolate Factory franchised stores spread across 36 states and the Philippines.
ROCKY MOUNTAIN CHOCOLATE FACTORY, INC. 
