'The Australian' online (to be in paper on Sat-Sun 21-22 August...

'The Australian' online (to be in paper on Sat-Sun 21-22 August 2021) has a long article on the PTL acquisition of Hampers with Bite.These are relevant comments:"Pental chief executive Charlie McLeish
told The Weekend Australian there was a good opportunity for Pental to
place its products such as soaps and body washes in hampers while the
acquisition would also open up a new channel for the manufacturer
outside of the supermarket industry.“We
started off as a bar-soap company and we have a huge amount of capital
tied up in both bar soaps and liquid handwash and body wash, and have
had a lot of products that have been delisted over the years in the
major supermarkets,” Mr McLeish said.“We
have had this growth strategy on the drawing board for a number of
years ... there is a huge opportunity to sell our products through their
e-commerce platform.“Our acquisition
of Hampers with Bite will transform Pental by boosting our financial
scale and delivering new capabilities which are highly complementary to
our existing business,” he said.“Through
this deal we are welcoming a highly experienced team of e-commerce
professionals who have turned Hampers with Bite into a market leader.“What‘s
more, the Hampers with Bite business will boost our group revenue by
approximately 20 per cent and immediately strengthen the company’s
profitability. Hampers with Bite will be a 100 per cent Pental-owned
business and strengthens our position as totally controlling an
important new chapter in diversifying our operation.”"