Star Combo to Acquire 51% Of Inature; Increases Healthcare Product and Sales Footprints In China

  • Nov 18, 2019 AEDT
  • Team Kalkine

Star Combo Pharma Limited (ASX: S66) announced that it has entered into an agreement to acquire 51% of Australian Inature Organic Care Pty Limited (Inature) under which it will be able to access new consumer health products in the pre-natal, post-natal and infant markets:

  • Inature will bring a team of sales and marketing workforce and networks that S66 can use for its full brand portfolio.
  • Presently, Inature’s products are available via a set distribution network of 3,000 retail outlets in China.
  • Under the agreement, S66 will manufacture Inature’s consumer health products in its manufacturing facilities in Sydney.

At AEST 1:55 PM, S66 quoted $0.480, down by 7.6%.

 

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