GRILLiT has acquired a 10% equity share in Natura Foods, the exclusive distributor of Gaucho Ranch-branded South American natural and organic grass-fed beef.
The company has also entered into a mutually exclusive supply agreement with Natura Foods concerning the supply of Gaucho Ranch organic beef products for its corporate restaurant operations.
As per the supply agreement, GRILLiT will 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.
GRILLiT CEO Ghazi Hajj said, "Gaucho Ranch and GRILLiT share the same high standards of quality and health. We are excited for this partnership moving forward."
Natura Foods' Gaucho Ranch brand provides 100% natural and organic grass-fed beef that free of antibiotics, hormones and grain from the South American Pampas of Uruguay, the company said.
