PBP probiotec limited
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June 28 (Reuters) - Probiotec Ltd (PBP) : ACQUISITION OF H&H...

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    28/06/21
    11:50
    Post #: 54114818

    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
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