Fast-Growing, Small Cap MamaMancini's Is Seeking A Possible Sale Of Its Company

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Founded in 2009, Mamamancini’s Holdings Inc MMMB is a specialty Italian cuisine company born from the age-old recipes of Founder Daniel Mancini’s Grandmother, Anna Mancini. 

Upon its inception, the first product to hit shelves was the founder’s favorite family dish, meatballs smothered in a slow-cooked Italian sauce. The company’s initial product is still a tried and true staple of MamaMancini’s and is made by hand with the same wholesome ingredients. 

Over the last decade, the company has expanded its product offering, providing dishes such as lasagna roll-ups, chicken parmesan over penne pasta, and beef meatloaf (just to name a few). And in working to make their product line more inclusive, the company partnered with plant-based brand Beyond Meat Inc BYND to provide a vegan option of MamaMancini’s classic meatball and Italian-style sauce dish.

New Customer Authorizations

In September of this year, MamaMancini’s announced new authorizations at over 2,500 tier-1 storefronts nationwide.

This exciting expansion will include a cycle rotation of its products in stores such as Walmart Inc WMT, Winn Dixie, Weis Markets, Inc. WMK, and Whole Foods.

And according to Chairman & CEO of MamaMancini’s Carl Wolf, the company aims to continue the inclusion of its products in top-retail stores in the years to come.

“We see a significant opportunity in further penetration in top national retailers such as these and look forward to executing upon the immense opportunity facing our company today,” said Wolf.

Strategic Alternatives

As a result of MamaMancini’s rapid growth, the company has been looking for strategic alternatives to increase shareholder value.

The company recently engaged B. Riley Financial Inc RILY, an investment bank and broker-dealer, to assist in exploring these possible alternatives. One of the alternatives that MamaMancini’s is currently entertaining, is a sale of the company.

“While there can naturally be no assurances this process will result in a transaction, we believe this path will help achieve our ultimate goal of maximizing value for our shareholders,” said Wolf in a recent press release. “I look forward to working closely with the B. Riley team to achieve the strategic objectives we have laid out.”

To learn more about MamaMancini’s, click here.

Photo by Geo Darwin on Unsplash

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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