Anthony Vendetti

Nicholas Sherwood

Thomas McGovern

William Gregozeski

- Barfresh Food Group (BRFH) has completed the acquisition of **Arps Dairy, Inc.**, an Ohio-based dairy processing company, for approximately **$1.3 million** in debt repayment funded by an expanded line of credit.  **[1487197_3a36164edfc343738ec7cfb8dd70b098_0]** 
- The acquisition immediately expands Barfresh's manufacturing capabilities with an operational **15,000-square-foot** facility and a nearing-completion **44,000-square-foot** facility in Defiance, Ohio, and is expected to eliminate third-party manufacturing fees and reduce operational costs.  **[1487197_3a36164edfc343738ec7cfb8dd70b098_0]** 
- Barfresh is on track to deliver fiscal year 2025 revenue of **$14.5 million to $15.5 million**.  **[1487197_3a36164edfc343738ec7cfb8dd70b098_0]** **[1487197_3a36164edfc343738ec7cfb8dd70b098_1]** 
- The acquisition is expected to more than double revenue in fiscal year 2026 to **$30 million to $35 million**, representing a **126% increase** over the high end of FY 2025 guidance, and is anticipated to be **accretive to earnings** in fiscal 2026.  **[1487197_3a36164edfc343738ec7cfb8dd70b098_0]** **[1487197_3a36164edfc343738ec7cfb8dd70b098_1]**

Barfresh Food Group Completes Arps Dairy Acquisition

- Barfresh Food Group Inc. entered into a stock purchase agreement on **September 15, 2025**, to acquire Arps Dairy, Inc. for approximately **$1.6 million** in debt repayment, with the transaction expected to close by **October 1, 2025**.  **[1487197_0001493152-25-013990_form8-k.htm:0]** **[1487197_0001493152-25-013990_ex99-1.htm:0]** **[1487197_0001493152-25-013990_ex2-1.htm:0]** **[1487197_0001493152-25-013990_ex99-1.htm:2]** 
- This strategic acquisition is intended to **enhance manufacturing capabilities**, reduce operational costs, and improve margins by bringing production in-house.  **[1487197_0001493152-25-013990_form8-k.htm:0]** **[1487197_0001493152-25-013990_ex99-1.htm:0]** 
- The acquisition includes Arps Dairy's existing 15,000-square-foot facility and an almost completed **44,000-square-foot new facility** in Defiance, Ohio, which Barfresh plans to complete in **2026**.  **[1487197_0001493152-25-013990_form8-k.htm:0]** **[1487197_0001493152-25-013990_ex99-1.htm:0]** **[1487197_0001493152-25-013990_ex2-1.htm:0]**  Arps Dairy has also been preliminarily approved for a **$2.3 million government grant** for the new facility.  **[1487197_0001493152-25-013990_ex99-1.htm:0]** 
- Barfresh raised its **fiscal year 2025 revenue guidance** to **$14.5 million to $15.5 million** and provided preliminary **fiscal year 2026 pro forma revenue guidance** of **$30 million to $35 million**, anticipating the acquisition to be **accretive to earnings in fiscal 2026**.  **[1487197_0001493152-25-013990_ex99-1.htm:0]**

BARFRESH FOOD GROUP (BRFH)