15th February 2022: HLF Acquires 100% of the issued share capital of THM for $17.0m cash.
It was (taken directly from the ASX announcement) "A fast growing, profitable and cash generative business, in FY21, THM recorded revenue of ~$21 million and normalised EBITDA of $4 million"
"Highly strategic acquisition to deliver combined revenue of ~$84 million and normalised EBITDA of ~$5.7 million to the Company pre-synergies"
"Over $800k in synergies expected to be realised from the manufacture of THM products in-house at Halo’s existing manufacturing facilities"
How did they manage to kill this business so quickly? We need an autopsy report.
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