Wattle Health acquires majority holding in dairy manufacturing facility

Company News

by Anna Napoli

Wattle Health (ASX:WHA) is set to snap up a majority holding in dairy manufacturing facility, Blend and Pack.

The consideration for the deal is $46 million which will be funded by a debt issue.

As part of the terms Wattle Health is also to enter a Put and Call Option Deed relating to an acquisition of a further 29 per cent interest in B&P.

Blend and Pack is the leading independent nutritional dairy processing and packaging business by volume with a long history of profitability.

On completion of the deal Wattle Heatlh will have total assets of $165 million.

Shares in Wattle Health (ASX:WHA) are trading 4.52 per cent higher to $1.04.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.