...

Zinzino AB (PUBL) Purchases Assets from Xeliss

Zinzino, the leading health and wellness brand from Scandinavia, has announced its acquisition of the distributor database and customer register, inventory, and intellectual property of Xellis, a direct sales company based in Luxembourg. This strategic move is part of Zinzino’s growth plans to enhance personal health and well-being globally through innovative biotechnology and a groundbreaking product lineup distributed via direct sales.

Xellis offers a range of natural products in wellness, nutrition, and cosmetics, all based on the microalgae spirulina produced in-house. With a focus on individual advising and customized solutions, Zinzino and Xellis aim to transform the direct sales experience in the health and wellness industry.

The acquisition includes Xellis’s distributor organization, product lineup, and intellectual property rights. The operation, which generated approximately 8 million EUR in turnover last year, is expected to drive strong growth through synergies within the combined networks. With favorable gross margins and profitability prospects, the partnership is poised for success leveraging Zinzino’s technical platform and established organization.

The purchase agreement involves a fixed price of 2 million EUR, split evenly between cash and newly issued Zinzino shares. Additional purchase prices based on sales performance from 2024 to 2029 could amount to a total of 4.0 million EUR, potentially reaching up to 8.0 million EUR. These additional payments will be made in newly issued Zinzino shares. The cash portion of the deal will be financed internally.

For more information about this exciting development, please reach out to CEO Dag Bergheim Pettersen at +47 (0) 932 25 700 or visit zinzino.com. Fredrik Nielsen, CFO of Zinzino, can also be contacted at +46 707 900 174.

Stay informed about the latest updates on Zinzino’s strategic acquisitions and growth initiatives by visiting their website. For press inquiries and media assets, please contact the provided email address.

Zinzino AB (publ) is committed to transparency and compliance with EU market abuse regulations. This news release was distributed by Cision, a trusted source for credible information.

Source: http://news.cision.com/zinzino/r/zinzino-ab–publ–zinzino-acquires-assets-in-xeliss—strategic-reinforcement-in-southern-europe-and,c3977049

As Zinzino continues to expand its global reach and product offerings, the acquisition of Xellis represents a significant step towards advancing its mission of promoting health and wellness through direct sales.

Source link



Leave a Reply

Your email address will not be published. Required fields are marked *

Featured Franchise Opportunity

Buffalo Wild Wings

Food Franchises, Restaurant Franchises

MilliCare Franchise

Cleaning Franchises, Low Cost Franchises

1515 Mockingbird Lane, Suite 410

Website