Inventure Foods,Inc. (NASDAQ:SNAK) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01Entry into a Material Definitive Agreement.

The information contained in Item 2.01 of this Current Report on
Form8-K is incorporated by reference into this Item 1.01.

Item 2.01. Completion of Acquisition or Disposition of
Assets.

On March23, 2017 (the Effective Date), The Pictsweet Company, a
Delaware corporation (Buyer), acquired certain of the assets,
properties and rights of Fresh Frozen Foods,Inc. (Fresh Frozen),
a wholly owned subsidiary of Inventure Foods,Inc. (the Company or
Inventure Foods), to an Asset Purchase Agreement, dated as of
March23, 2017, by and among the Company, Fresh Frozen and Buyer
(the Purchase Agreement).

In accordance with the Purchase Agreement, Buyer acquired certain
of the assets, properties and rights of Fresh Frozen, including
Fresh Frozens inventory, frozen food processing equipment assets,
certain real property and associated plants located in Jefferson,
Georgia and Thomasville, Georgia, and other intellectual
property. The Fresh Frozen plants processed and packaged IQF
vegetables and fruits sold primarily under the Fresh
FrozenTMbrand. As consideration for the acquisition, Buyer paid
the Company $23.7 million in cash.

The Company, Fresh Frozen and Buyer have each made customary
representations, warranties and covenants in the Purchase
Agreement. The parties have also agreed to provide customary
indemnities, which are subject to customary limitations.

The foregoing description of the Purchase Agreement and the
transactions contemplated thereby is qualified in its entirety by
the terms of the Purchase Agreement, a copy of which is filed as
Exhibit2.1 hereto and incorporated herein by reference.

The proceeds from the sale of Fresh Frozens assets, net of
transaction costs, will be used to pay down indebtedness under
the Companys ABL credit facility with Wells Fargo Bank, National
Association and the other lenders party thereto, and its term
loan facility with BSP Agency, LLC and the other lenders party
thereto, as required under such credit facilities.

Item 8.01. Other Events.

On March23, 2017,Inventure Foods issued a press release
announcing the transaction described in Item 2.01 above, a copy
of which is attached as Exhibit99.1 to this report.

About Inventure Foods, Inc. (NASDAQ:SNAK)

Inventure Foods, Inc. is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers. The snack products segment produces potato chips, kettle chips, potato crisps, potato skins, pellet snacks, sheeted dough products and extruded products for sale primarily to snack food distributors and retailers. The products sold under its snack products segment includes products considered part of the indulgent specialty snack food category, as well as products considered part of the healthy/natural food category. Its Frozen Products segment’s brands include Rader Farms and Jamba. Its Snack Products segment’s brands include Boulder Canyon, Nathan’s Famous, T.G.I. Friday’s, Poore Brothers, Bob’s Texas Style and Vidalia.

Inventure Foods, Inc. (NASDAQ:SNAK) Recent Trading Information

Inventure Foods, Inc. (NASDAQ:SNAK) closed its last trading session up +0.08 at 4.07 with 265,612 shares trading hands.