News: PBP Probiotec Says Acquisition Of H&H Packaging

June 28 (Reuters) - Probiotec Ltd (PBP) :

• ACQUISITION OF H&H PACKAGING-PBP.AX
• AGREED TO ACQUIRE ASSETS AND BUSINESS OF H&H PACKAGING FOR TOTAL CASH PROCEEDS OF (UP TO) $4 MILLION
• H&H IS EXPECTED TO GENERATE REVENUE AND EBITDA OF ABOUT $6 MILLION AND $1 MILLION RESPECTIVELY FOR 12 MONTHS ENDED 30 JUNE
• ACQUISITION IS EXPECTED TO BE IMMEDIATELY EPS ACCRETIVE (PRE-SYNERGIES) FROM COMPLETION