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Barfresh Food Group Inc. (the "Company" or "Barfresh") (NASDAQ:BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, today announced it has entered into a definitive agreement to acquire all outstanding capital stock of Arps Dairy, Inc., an Ohio-based dairy processing company, for approximately $1.6 million in debt repayment, which the company was able to do by increasing its line of credit.
Based on the expected operational benefits from the manufacturing capacity expansion and new market expansion opportunities enabled by the Arps acquisition, Barfresh is raising its fiscal year 2025 revenue guidance to $14.5 million to $15.5 million, representing an increase from the previous guidance range of $12.5 million to $14.0 million. The Company is also providing preliminary fiscal year 2026 revenue guidance of $30 million to $35 million, reflecting the full-year impact of the enhanced manufacturing capabilities, operational synergies and expanded market reach from the increased production capacity.
Posted In: BRFH
