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GRILLiT acquires stake in grass-fed beef supplier

December 19, 2013

GRILLiT Inc. today announced that it has acquired a 10-percent equity stake in Natura Foods LLC, the exclusive distributor of "Gaucho Ranch" branded South American natural and organic grass-fed beef. Additionally, the company entered into a mutually exclusive supply agreement with Natura Foods for the supply of Gaucho Ranch organic beef products for its corporate restaurant operations, according to a company press release.

"We are thrilled to have the opportunity to partner with Natura Foods," said GRILLiT CEO Ghazi Hajj. "Gaucho Ranch and GRILLiT share the same high standards of quality and health. We are excited for this partnership moving forward."

The supply agreement executed by the companies stipulates that GRILLiT shall purchase its beef exclusively from Natura Foods, and Natura Foods will supply the Gaucho Ranch brand beef only to GRILLiT restaurants in the fast casual dining restaurant sector. The company plans to integrate the beef into its menu items over the next 30 days.

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