Blackmores Limited
(ASX:BKL) has responded to news reports regarding the possible acquisition of vitamins and supplements business Nature’s Care.
In an announcement to the ASX, Blackmores confirmed it is not considering the acquisition of Nature’s Care, contrary to apparent speculation in the market.
Media reports suggested two investment banks have been appointed by Nature’s Care to explore a trade sale.
Blackmores recently announced a joint venture with Bega Cheese to enter the infant formula market.
Blackmores recorded a net profit of $46.55 million at 30 June 2015.
