Bellamy’s Australia
(ASX:BAL) has completed its 90 per cent purchase of a canning facility in Victoria, while it also finalising a $60.4 million capital raising.
The organic baby food producer and distributor purchased Camperdown Powder Pty Ltd, a CNCA licensed power products blending and canning line in Braeside.
Part of the consideration was funded through the issue of fully paid ordinary Bellamy’s shares, with the consideration shares to be issued in the next 9 months.
As part of the $60.4 million raising, Bellamy’s raised $45.5 million through its Retail Entitlement Offer, plus an institutional component of the entitlement offer.
Shares in Bellamy’s Australia
(ASX:BAL) are trading 0.15 per cent higher to $6.83.
