TARRYTOWN, NY, July 17, 2024 - Nightfood Holdings Inc. (OTCQB: NGTF, Nightfood) is thrilled to announce that it has recently entered into a Letter of Intent (LOI) to acquire SWC Group Inc. operating as Carryoutsupplies.com (CarryOut). As a top wholesaler and distributor of custom takeout packaging for the foodservice industry, CarryOut offers a wide range of options, including traditional, biodegradable, and compostable packaging.
This strategic move by Nightfood Holdings signifies its commitment to expanding its product portfolio and strengthening its presence in the foodservice sector. By acquiring CarryOut, Nightfood aims to enhance its offering in the foodservice industry with high-quality takeout packaging solutions. This acquisition aligns with Nightfood’s vision of catering to the evolving needs of its customers and providing them with convenient and sustainable packaging options.
Nightfood Holdings Inc. has witnessed a decline in its revenue per employee over the last twelve months, with the figures falling to $49,188. However, despite this decrease, the company’s employees have remained productive and performed above the company average. Nightfood Holdings Inc. currently has only 1 employee.
In comparison to its peers in the Consumer Non-Cyclical sector, Nightfood Holdings Inc. lags behind in terms of revenue per employee, with 96 other companies achieving higher results. Furthermore, Nightfood’s overall ranking has deteriorated when compared to the first quarter of 2024.
This acquisition presents an opportunity for Nightfood Holdings Inc. to revitalize its position in the market and leverage CarryOut’s expertise in custom takeout packaging. By integrating CarryOut’s operations, Nightfood can expand its customer base and strengthen its offering in the foodservice industry.
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