Business briefs

Dec. 13, 2012 @ 07:19 PM

Bella Bean Organics acquires organic food distributor

HILLSBOROUGH -- Bella Bean Organics, a business that offers home delivery of organic produce, meat, eggs and other products in the Triangle, acquired the assets of another organic food delivery service, OrganicFood2You. 

Founders of the Hillsborough-based Coon Rock Farm, Richard Holcomb and Jamie DeMent, purchased Bella Bean Organics this year. In addition to the farm, Holcomb and DeMent are part of a team that owns Zely & Ritz Restaurant in Raleigh and Piedmont Restaurant in Durham

Bella Bean Organics is an online farmer’s market and home delivery service for locally grown, sustainable and organic produce, meats, eggs and specialty foods.

OrganicFood2You offered a similar organic food delivery service to Bella Bean in the Triangle and Triad areas, but was recently suspended due to the sudden illness of the owner, Mike Bowden, according to a news release.

“Bella Bean did not previously serve the Triad but we will now that we have taken over OrganicFood2You,” DeMent said in an e-mail. “In the past, Bella Bean has served Orange, Durham, Wake and Franklin counties.”

Square 1 Bank provides credit facility for Chapel Hill company

DURHAM – Durham-based Square 1 Bank has provided a credit facility to Heat Biologics Inc., a Chapel Hill-based company developing technology for use in treatment of cancer and infectious diseases, the bank announced.

Launched in 2008, Heat Biologics is focused on developing ImPACT, or the Immune Pan-Antigen Cytotoxic Therapy.  The company relocated its headquarters from Miami, Fla., to Chapel Hill, in 2010.  

Proceeds of the credit facility will be used for ongoing clinical trials and company growth.