You are here

Acquisition of Australian Food Brand Five:am

Categories

Click here for full announcement

PZ Cussons announces the exchange of contracts for the acquisition of Australian food brand Five:am. The entire issued share capital of Five AM Life Pty Ltd ("Five:am") is being acquired for £44.1m in cash with completion expected to follow within a very short period.

Five:am is a leading Australian organic yoghurt brand and one of the most successful entrants to the Australian food industry over the past decade. The business has strong retail partnerships across the country and the potential for significant growth, both within Australia and other markets. Products are manufactured at its state of the art facility near Melbourne. Revenue and EBITDA for the year ended 30 June 2014 were £19.6m and £3.4m respectively.

Additional consideration of a maximum of £7.7m is payable subject to the performance of the business in the year ending 30 June 2015.

 

Notice of the 2014 Annual General Meeting

The Annual General Meeting of PZ Cussons Plc is to be held at Manchester Business Park, 3500 Aviator Way, Manchester M22 5TG at 10.30am on Tuesday 23 September 2014.

Read More...

Trading Update 9 April 2015

PZ Cussons Plc today issues the following trading update which covers the period 28 January 2015 to 8 April 2015.

Read More...

Investor presentation and webcast - Final Results for the year ended 31 May 2016

Presentation made to investors by PZ Cussons Chairman, CEO and CFO on Tuesday 26 July 2016.

Read More...