PBP
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Company News
Probiotec makes $52.2m bid for packing business Multipack-LJM
Probiotec (ASX: PBP) has made what it calls a “strategic” bid for contract packing business Multipack-LJM – offering to pay an aggregate enterprise value of $52.5 million for the entity. According to Probiotec, Multipack-LJM is one of Australia’s leading packing businesses that services major global pharmaceutical, consumer healthcare, cosmetics and food and beverage companies. Multipack-LJM […]
Probiotec acquires leading pharmaceutical packaging business
Pharmaceutical company Probiotec (ASX: PBP) has struck a deal worth at least $23 million to acquire all of the issued shares of pharmaceutical packaging company ABS (Aus) Pty Ltd. In an announcement today, Probiotec said the acquisition will be settled in cash for a base amount of $23 million, with ABS entitled to an additional […]
Probiotec sells brand assets to iNova Pharmaceuticals
Pharmaceutical company Probiotec (ASX: PBP) has agreed to sell the Gold Cross, David Craig and Skin Basics brands, including all intellectual property and business assets associated with the brands, to Singapore-based company iNova Pharmaceuticals. The deal was overseen by accounting and auditing firm PricewaterhouseCoopers and Arnold Bloch Leibler, a leading Australian commercial law firm. Probiotec […]
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