I think you are COMPLETELY missing the point of this acquisition. They didn’t purchase AusConfec to keep making fudge! They bought it for the equipment, specifically the protein bar line. This bar line has just announced INITIAL orders of >$2m, in other words, more than an entire year of revenue from fudge.
Lastly, don’t go looking for this revenue in Brands. If the bar line was producing muesli bars for a giant like Carman’s or protein bars or cookies for a new market player like My Muscle Chef, this portion of revenue would be under the Australian CM business (Omniblend) rather than Branda.
KTD Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
