Vitamins Giant Blackmores (ASX:BKL)  To Take Up Pet Health Profits

  • October 28, 2020 05:30 PM AEDT
  • Team Kalkine

The Vitamins manufacturer Blackmores (ASX:BKL) is set to divest its Chinese herbal medicines business and has reiterated its faith in expanding its other pet health care market share.

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The company announced on 27 October that it has agreed to divest Global Therapeutics to McPherson’s Limited (ASX:MCP) for $27 million. McPherson’s is known for its market-leading brands such as Manicare, Lady Jayne and Maseur.

Meanwhile, under this new executive regime, vitamin wellness company Blackmores has called out two focus growth areas – people’s mental health and pet vitamin supplements.

The share price quoted at $71.990, up by 12.890% with a market capitalisation at 1.23 billion on 28 October 2020.  


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