FORT WORTH, TX / ACCESSWIRE / August 6, 2024 / Sadot Group Inc. (NASDAQ:SDOT) ("Sadot" or the "Company") today announced the sale of one of its restaurant assets, Superfit Foods LLC, a subscription-based meal prep concept located in Orange Park, FL, servicing the Jacksonville market.

Michael Roper, CEO of Sadot Group, stated, "We are pleased to announce the sale of Superfit Foods LLC, an important step in our portfolio optimization plan to focus on our strategically advantaged businesses of agri-commodity origination, trading, shipping, and farming. This transaction is the first of three restaurant concepts to be sold from our portfolio and is the first step in our plan to exit the restaurant business. We expect that the divestment of these non-core assets will drive operational savings and simplification along with ensuring our resources are firmly aligned around the highest potential opportunities."

Additionally, as part of the optimization plan, Sadot announced that it has refranchised its final company-owned Muscle Maker Grill (MMG) location in Bronx, NY, thereby lowering corporate G&A expenses and generating royalties for the restaurant division. As a result, the MMG restaurant concept, being a fully franchised concept, is now positioned to potentially attract a wider audience base of interested parties. The Company continues to pursue the divestiture of Muscle Maker Grill along with its 39-unit Pokemoto chain.

About Sadot Group Inc.

Sadot Group Inc. has rapidly established itself as an emerging player in the global food supply chain. Sadot Group provides innovative and sustainable supply chain solutions that address the world's growing food security challenges.

Sadot Group currently operates within key verticals of the global food supply chain including global agri-commodity origination and trading operations for food/feed products such as soybean meal, wheat and corn, and farm operations producing grains and tree crops in Southern Africa.

Sadot Group connects producers and consumers across the globe, sourcing agri-commodity products from producing geographies such as the Americas, Africa and the Black Sea and delivering to markets in Central and South America, Southeast Asia, China and the Middle East/North Africa region.

Sadot Group is headquartered in Ft. Worth, Texas with subsidiary operations in Miami, Dubai, Curitiba (Brazil), Singapore, Kyiv, Toronto and Zambia. For more information, please visit www.sadotgroupinc.com.

For additional updates, news and general knowledge related to the global Agri-commodity supply-chain, please visit our website at: www.sadotgroupinc.com and our social media postings on Facebook and X (Twitter).