Brief: Swedencare Unit Pet MD Brands Acquires Riley's Organics In US

Swedencare AB (publ)

03/01/2024 07:53

Jan 3 (Reuters) - Swedencare AB (publ)  SECARE.ST :
    * SAID ON TUESDAY PET MD BRANDS, ONE OF SWEDENCARE AB'S
NORTH
AMERICAN SUBSIDIARIES, ACQUIRED AMERICAN BRAND RILEY'S ORGANICS
    * TOTAL PURCHASE PRICE, ON A CASH- AND DEBT FREE BASIS, IS
$7.5
MILLION (78.4 MILLION SEK) AND PAID THROUGH CASH SETTLEMENT TO
SELLER
    * THROUGH ACQUISITION, SWEDENCARE ESTABLISHED PRESENCE IN
ORGANIC
TREATS MARKET FOR DOGS IN UNITED STATES

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN87vPNy
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