OurPet’s Company (OPCO.OB) Signs Purchase Agreement for Cosmic Pet Products
OurPet’s Company announced today that they have entered into an asset purchase agreement to acquire certain assets of Cosmic Pet Products. Under the terms of the agreement, OurPet’s will acquire all of Cosmic Pet’s brands including the well-known Cosmic Catnip line. Completion of the transaction is subject to due diligence by OurPet's and other standard conditions to closing; however, it is expected to close during the third quarter of 2010. Per the agreement, Cosmic Pet will continue operations at its Hagerstown, Maryland facility as a division of OurPet’s. Part of the plan also includes for OurPet’s to enter into an…