Los Angeles-based Barfresh Food Group, Inc., a manufacturer of frozen, ready-to-blend and ready-to-drink beverages, appointed Justin Borus to the company’s board of directors to fill the vacancy created by Alice Eliot’s resignation last year. The appointment of Borus brings the total number of directors to seven.
Borus founded Ibex Investors LLC and has grown the firm to well over a half of a billion dollars in assets. With a career that includes approximately 20 years of capital markets expertise, he has been the chief investment officer of Ibex, a firm focused on niche, differentiated strategies including microcap companies for more than 10 years. Prior to joining Ibex, he worked in both the private equity and investment banking groups at Bear, Stearns & Co. Inc. in New York and London. Borus has served on the boards of several non-profits including the Anti-Defamation League and Colorado Public Radio.
CEO Riccardo Delle Coste said, “We are pleased to welcome Mr. Borus to our board, as his extensive and very successful 20 years of capital markets experience will be extremely beneficial in creating significant shareholder value for our company. Ibex Investors was one of the first institutional investors in our company over six years ago, and Mr. Borus is highly respected in the investment community. We believe he will provide valuable insight as we continue to execute on our strategy and drive profitable growth for our company and all of our stakeholders.”
Borus said, “I am very pleased to join Barfresh’s Board of Directors and firmly believe this company is at an exciting inflection point as evidenced by my large personal investment in March 2020. I believe with the right combination of business execution, investor relations and navigation of the capital markets, Barfresh is well positioned to create significant shareholder value and can become one of the most exciting public company growth stories in the United States. As one of the company’s largest shareholders, I’m completely aligned with shareholders and will use all the resources in my over 20 years of capital markets experience to make this happen.”
