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This acquisition of About Health will be immediately accretive to the Group earnings. The customer profile of other brands in Just Lifeâs portfolio is similar to that of About Health, and this provides opportunities to market across the range of its products. The recent announcement that Beatrice Faumuina ONZM has joined the Company as Group Brand Ambassador has raised the Companyâs profile, and this will continue to expand through its investment in digital, social, and traditional marketing campaigns. Just Life Group CEO, Tony Falkenstein, says âthe acquisition of About Health will accelerate the growth of the Company and drive shareholder value. The Companyâs business was affected by Covid-19 and the aftermath of the lockdowns, but the resilience that the Company displayed in response has laid a strong base for the future. ....
Press Release – Just Life Group Limited Just Life Group (NZX: JLG) is pleased to announce that it has agreed to acquire the business of About Health, as part of its acquisition strategy in the healthy living and healthy homes sectors. The purchase price of $17 million will … Just Life Group (NZX: JLG) is pleased to announce that it has agreed to acquire the business of About Health, as part of its acquisition strategy in the ‘healthy living’ and ‘healthy homes’ sectors. The purchase price of $17 million will be funded through a combination of new and existing debt facilities and an equity raising. The acquisition is unconditional and is expected to complete on the 30th of April 2021. ....
Just Life to buy supplements provider About Health for $17m 22 Apr, 2021 08:51 PM 2 minutes to read Just LIfe chief executive Tony Falkenstein. Photo / NZ Herald NZ Herald Just Life Group (formerly Just Water) said it had agreed to acquire dietary supplements provider About Health for $17 million. The purchase will be funded through a combination of new and existing debt facilities, and an equity raising. The acquisition is unconditional and is expected to complete by the end of this month. Just Life, which supplies water coolers, drinking water and filters for home and office use, said About Health is a leading provider of natural dietary supplements in New Zealand, including well-known brands Lester s Oil and Res-V Ultimate. ....
Stock Takes: Shareholders Association will fight unprecedented de-listing of QEX Logistics 23 Apr, 2021 05:40 AM 4 minutes to read Tony Falkenstein, chair and chief executive of Just Life Group. Photo / Brett Phibbs NZ Herald The NZ Shareholders Association will vote proxies against the de-listing of QEX Logistics (QEX) in any upcoming vote of shareholders. The association believes the move by the company is unprecedented on the NZX. NZSA believes the future of the company is best decided within the transparency provided by a public listing and the accountability provided by the NZX listing rules, it says. The company has stated that it wishes to prepare itself for sale once it de-lists. Should the company de-list, NZSA believes there is an increased risk of further loss of value for shareholders. ....
Photo: 123RF The company will buy the natural supplements firm About Health for $17 million, which will be funded through a capital raise and existing debt facilities from its banker. Earlier this week, the business announced it was taking a 60 percent stake in the water tank supplier Designer Tanks and that it had appointed former olympian, Beatrice Faumuina, as its brand ambassador. JLG owns a number of lifestyle and home building products businesses. The acquisition of About Health will accelerate the growth of the company and drive shareholder value, chief executive Tony Falkenstein said. The company s business was affected by Covid-19 and the aftermath of the lockdowns, but the resilience that the company displayed in response has laid a strong base for the future. ....