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Rapid Nutrition PLC

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DGAP-News News vom 10.07.2015

Rapid Nutrition to Acquire U.S.-based Nutraceutical Company

Rapid Nutrition PLC / Key word(s): Acquisition

2015-07-10 / 08:00


Contact: www.rnplc.com
July 10, 2015

Rapid Nutrition to Acquire U.S.-based Nutraceutical Company
Global healthcare company signs letter of intent with US Nutraceutical Company

London, United Kingdom - Supporting its continued growth and expansion across the globe, Rapid Nutrition recently signed a letter of intent to acquire a successful US Nutraceutical company to accelerate manufacturing in the United States. Rapid Nutrition, an organic healthcare company, has continued to grow its distribution throughout the United States over the past several years and this acquisition is the first step in the company's industry-specific consolidation strategy.

Designed to bolster business and the company's balance sheet, the acquisition will allow Rapid Nutrition to incorporate several million in additional revenue and expands its intellectual property with some very unique ingredients, resulting in increased margins on its current product portfolio as well as an anticipated additional $10 million in topline revenue within the first year.

The acquisition will provide an extensive product portfolio and substantial intellectual property as well as additional new export markets, with an established footprint in Europe and a facility that will serve as headquarters for Rapid Nutrition in the United States.

"With its focus on wellness, the United States is an important market for Rapid Nutrition, making this acquisition ideal for our U.S.-based manufacturing. 'Made in the USA' is meaningful to many of our international customers," said Rapid Nutrition CEO and founder Simon St. Ledger. "We are excited about this recent move which we anticipate finalising within the next 8 -10 weeks and look forward to leveraging the current distribution, relationships and channels that has been established across the globe."

Rapid Nutrition's System LS(TM) weight-loss system focuses on getting "slim with science," using natural, organic ingredients that support real weight loss.
In addition to this deal with US-based Nutraceutical Company, Rapid Nutrition recently secured a partnership with Panisello Spain, and the company was successfully admitted to the Frankfurt Stock Exchange with impressive results while also securing new opportunities, distribution and growth in Asia, Australia and the United States in 2015.

(more)

About Rapid Nutrition
Rapid Nutrition is a natural healthcare company focused on the research, development and production of a range of life science products. The company was established based on its successful and proven weight loss supplement range which is exported worldwide and now offers consumers a growing range of health and well-being solutions to meet existing and emerging societal health concerns, as well as a providing number of wider services to the life sciences industry. For more information, please visit http://www.rnplc.com





2015-07-10 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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376901  2015-07-10