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Vapor Corp completes acquisition of Ada's Natural Market in Ft. Myers, Florida

RBR Staff Writer Published 03 June 2016

Vapor Corp, through its subsidiary, Healthy Choice Markets has completed the acquisition of the assets of Ada's Natural Market, a natural and organic grocery store in Ft. Myers, Florida.

The purchase price was $3 million in cash, less adjustments for inventory levels. The store will continue to operate under the same name and management.

Vapor Corp. CEO Jeffrey Holman said: "We are extremely excited to have acquired Ada's Natural Market.

"After an extensive search of numerous business opportunities, we are confident that this acquisition is going to be immediately accretive and will pave the way to continue our now realized goal of beginning to diversify."

Vapor Corp. president and COO Christopher Santi said: "Ada's has been serving the Fort Myers area for over 40 years. We are very proud to have this as the flagship store under Healthy Choice Markets.

"We already have plans to enhance and grow its presence within the community, as well as evaluate further opportunities for expansion within the State of Florida."

Source: Company Press Release