DDC - Why DDC Enterprise Stock Is Soaring | Benzinga
DDC Enterprise Limited (AMEX:DDC) shares are racing higher Wednesday after the company announced it has acquired the Asian food brand, Omsom.
The Details:
The acquisition consists of a combination of DDC’s cash and stock paid out over four years and is expected to accelerate new product innovation as well as streamlined processes and improved financial metrics.
“Our presence in the U.S. is rapidly growing with the addition of Omsom to our U.S. family of brands, joining Nona Lim and Yai’s Thai, which we acquired within the past year. Having three notable Asian food brands in our portfolio will create enhanced synergies and resource integration, and make our operations more efficient and profitable. We look forward to collaboration across the three brands and to ensuring even more Asian-inspired and developed products reach ...