The agreement was unanimously approved by the boards of directors of both companies.
StormTrap LLC, and Fresh Creek Technologies Inc. announced that they have entered into a definitive merger agreement under which StormTrap will acquire Fresh Creek in a stock transaction. The agreement was unanimously approved by the boards of directors of both companies.
“This agreement with Fresh Creek demonstrates our commitment to prudently deploy capital to create stockholder value and deliver incremental revenue and growth in the near-term,” said David Plummer, president of StormTrap. “In addition, Fresh Creek’s business aligns well with our commercial structure and is an excellent strategic fit for our business, which will benefit from an enhanced product portfolio in growing markets.”