Blackmores Limited
(ASX:BKL) has acquired 100 per cent of wholesale supplements business FIT- BioCeuticals for a cash payment of $40 million.
In the year to June last year, BioCeuticals reported earnings before income tax, depreciation and amortisation (EBITDA) of $4.6 million.
Blackmores’ chief says it intends to run BioCeuticals existing brands and company as a stand-alone business.
The transaction is expected to be completed on Thursday.
In the first half of the 2012 financial year Blackmores generated a net profit of $14.3million.
