LaSalle Brands Corp has entered into a funding agreement with Grammar Capital LLP.
LaSalle Brands Corp has entered into a funding agreement with Grammar Capital LLP. As per the agreement, Grammar Capital will assist the company in raising about $50 million through a combination of equity and debt financing. The money will be used to complete planned acquisitions with various ice cream distribution companies. LaSalle has already entered into a purchase agreement with LaSalle Brands Inc and has letters of intent with other related companies.
The principals of London-based Grammar Capital have many years of experience in raising capital for companies with strong business models and management teams.
LaSalle ice cream is traditionally sold in pint-size containers and distributed to markets in the five boroughs of New York. It ranks as the third-largest pint brand ice cream in New York City, and it outsells many national brands in its immediate markets.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Downtime is expensive. This guide shows you how to keep your eet running, reduce repair surprises, and protect your margins—because when your trucks aren’t moving, you’re not...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...
Commercial fleets bear a heavy burden from economic uncertainty, operational costs, and litigation risks. In-cabin video technology offers opportunities to reduce fleet expenses...
