Green Fusion Corporation has announced it has reached a new agreement with the shareholders of House of Brussels Holdings, which owns and operates Brussels Chocolates Ltd.
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Under the terms of the new agreement, all loans in Green Fusion and Brussels will be converted to share equity and the companies will raise additional funds for expansion after the acquisition has been completed.
“We are pleased with the terms of the new agreement,” said Evan Baergen, president of Green Fusion. “The management of Green Fusion has been working very hard these past months to prepare for the transition in ownership by expanding sales distribution channels and reviewing all operations at Brussels.
“We have also approached some very prominent and experienced business leaders to serve on our board of directors. We are ready to push the expansion of Brussels forward at a rapid pace.”
Rick Siemens, current shareholder of Brussels, added: “We are pleased to have come to a conclusion with this transaction. The increased distribution opportunities that the management of Green Fusion bring to Brussels will result in increased value for all shareholders.”
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