secwatch.observer — SEC 8-K summary
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Issuer:     AMCON DISTRIBUTING CO (DIT)
CIK:        0000928465
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0001157523-22-001717
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928465/000115752322001717/0001157523-22-001717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928465/000115752322001717/a53028858.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001717

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