Fresh Juice to Purchase Azusa Firm

Fresh Juice Inc. said it has agreed to buy Hansen’s Juices Inc. of Azusa for $150,000 in cash, 617,669 shares of common stock and the assumption of debt. Fresh Juice, based in Clark, N.J., said the purchase would create the first national producer and distributor of freshly squeezed juices. The 61-year-old Hansen’s Juices, from which Hansen Natural of Anaheim was spun off in the 1970s, produces fresh juices for distribution in the West. Privately held Hansen’s Juices had sales of more than $11 million in the most recent fiscal year. Fresh Juice rose 81 cents to $2.50 on Nasdaq.