Acquisition extends the reach of the company’s beverage business.

Company is acquiring two tea processing facilities.

Consumer trends to stay soft in near term, CEO says.

Affected products were sold throughout US and Canada.

Industry observers waiting to see the benefits of the changes.

Private label food manufacturer records loss and decreased sales in Q2. 

Company used certifications to address several concerns and preferences.
 

Management sees sales and profitability accelerating in the second half of its fiscal year.

Company cites ‘uncertain consumer environment’ for conservative fiscal 2024 outlook.

Sales increase 3.6% in the third quarter.