Brief: Vimian Group Acquires Pet Speciality Nutrition Company In U.S.

Vimian AB

06/12/2021 07:25

Dec 6 (Reuters) - Vimian Group AB  VIMIAN.ST :
    * SAID ON SATURDAY SPECIALTY PHARMA SEGMENT NEXTMUNE SIGNED
AN
AGREEMENT TO ACQUIRE GLOBALONE PET PRODUCTS IN THE U.S. 
    * GLOBALONE PET PRODUCTS IS A COMPANY THAT OFFERS SUPER
PREMIUM
PET TREATS AND CHEWS ACROSS THE UNITED STATES AND CANADA 
    * GLOBALONE PET PRODUCTS HAS ANNUAL REVENUES OF AROUND $20
MILLION
AND AN EBITDA OF AROUND $5 MILLION
    * THE PURCHASE PRICE AMOUNTS TO $50 MILLION AND AN
ADDITIONAL,
POSSIBLE AMOUNT OF MAXIMUM $30 MILLION VESTED OVER THREE YEARS
FROM 2022 AND BASED ON FINANCIAL PERFORMANCE
    * THE ACQUISITION WILL HAVE A POSITIVE IMPACT ON VIMIAN
GROUP AB'S
EARNINGS PER SHARE 
    * GLOBALONE PET PRODUCTS IS EXPECTED TO BE CONSOLIDATED INTO
VIMIAN'S SPECIALTY PHARMA SEGMENT ON OR AROUND DEC. 13 
    * THE ACQUISITION IS FINANCED WITH AVAILABLE FUNDS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN7m94Ww
 Further company coverage:  VIMIAN.ST  

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