---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-001717"
form_type: "8-K"
ticker: "DIT"
cik: "0000928465"
company_name: "AMCON DISTRIBUTING CO"
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:54:23.663342+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AMCON Distributing acquires Henry's Foods wholesale distribution assets for ~$30.3M

## Summary
- Subsidiary LOL Foods signs asset purchase agreement to buy Henry's Foods wholesale distribution assets for approx. $30.3M plus working capital adjustments.
- Transaction funded via existing bank borrowings; expected to close in AMCON's second fiscal quarter of 2023.
- Henry's, founded in 1929 by Henry Eidsvold, will operate as a wholly-owned subsidiary; President Kellie Janssen remains.
- Deal adds foodservice expertise and expands geographic reach for AMCON.
- Subject to customary closing conditions.

## SEC filing metadata
- accession: 0001157523-22-001717
- form_type: 8-K
- ticker: DIT
- cik: 0000928465
- company_name: AMCON DISTRIBUTING CO
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928465/000115752322001717/0001157523-22-001717-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928465/000115752322001717/a53028858.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001717
- JSON: https://secwatch.observer/filing/0001157523-22-001717.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001717.txt

## Key facts
- Material Agreements
  AMCON DISTRIBUTING CO entered into Asset Purchase Agreement with Henry's Foods, Inc. ("HFI"), The Eidsvold Family LLC ("EFLLC" and, together with HFI, the "Sellers") valued at approximately $30.3 million plus working capital adjustments (effective 2022-12-07).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Henry's Foods, Inc. ("HFI"), The Eidsvold Family LLC ("EFLLC" and, together with HFI, the "Sellers")
  - Value: approximately $30.3 million plus working capital adjustments
  - Effective: 2022-12-07
  source text: On December 7, 2022, LOL Foods, Inc. ("LOL Foods"), a wholly owned subsidiary of AMCON Distributing Company (the "Company"), entered into an asset purchase agreement (the "Asset Purchase Agreement") with Henry's Foods, Inc. ("HFI"), The Eidsvold Family LLC ("EFLLC" and, together with HFI, the "Sellers").
  evidence_url: https://www.sec.gov/Archives/edgar/data/928465/000115752322001717/0001157523-22-001717-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.