After wearisome negotiation, BIH Corporation (OTC: BIHC) announced that they have come to an agreement to expend several million dollars to complete the acquisition of Baron International, Inc., a national leader since 1982 in the sales, service and design of restaurants, beverage systems, refrigeration, and full turn-key operations for large chains/clients.
Cris Galo, President and CEO of BIH Corporation, said, “We are pleased that Baron International is now a 100% wholly owned subsidiary of BIH Corporation, and we will maintain this pace with any other acquisitions going forward.”
“This acquisition will create a tremendous opportunity for phenomenal growth,” commented Mr. Robert Ingala, Founder, President and CEO of Baron International. Mr. Ingala also stated that he is very excited about working with BIH Corporation and is looking forward to fusing their resources with Baron’s nationally known clientele base within the industry.
BIH Corporation’s stock rose 36.67% during Tuesday’s trading. The company anticipates that this will be the first of many acquisitions for them this year. Currently, the company is in negotiations for possible future acquisitions.
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