Press release, Stockholm, 21st of June 2017.
Inpac AirContainer acquires Scandinavian Nutrients production of health and nutritional supplements
Inpac AirContainer, a company within the MedCap Group, has signed an agreement for the acquirement of some productional assets and the production of dietary health- and nutritional supplements from Scandinavian Nutrients AB.
The transaction holds a great stretegical value for Inpac AirContainer because it cements the business as a leading company in the field of dietary health- and nutritional supplements. Other than that, the transaction creates new and bigger possibilities to widen our line of products and peripheral offers to current and future partners.
During 2016, Scandinavian Nutrients revenued around 46 MSEK and generated a gross profit of around 16 MSEK. The acquired assets are expected to have a positive impact on our profit results for this years operations. As payment, Inpac AirContainer remunerates a small part in cash at the merging, plus additional payments connected to the companys future developments during the following five and a half years. The acquirement is financed with existing funds and credit space. The transaction is expected to close December 1, 2017.
”The transaction with Scandinavian Nutrients will establish Inpac AirContainer as a leading company within the field of dietary health- and nutritional supplements. It is a field where we see a lot of potential in the future. A central part of our future strategy is to develop and offer a wider and more attractive line of products and services to our current and future partners”, says Peter Thulin, CEO at Inpac AirContainer AB.
”We are very happy about the transaction with Inpac AirContainer, which enables acces to further competence and resources, and gives the optimal conditions for us to take even bigger steps in the development of our business and costumer offers”, says Matthias Papp, CEO and founder of Scandinavian Nutrients AB.
For more information, contact:
Karl Tobieson, CEO at MedCap AB (publ.)
Phone: +46 (0) 8 34 71 10
Mobile: +46 (0) 709 35 85 74,
Johan Hähnel, IR
Phone: +46 (0) 70 605 63 34
MedCap builds successful companys in the fields of Life Science to improve people’s daily lives. MedCap connects the larger companys strength with smaller companys entreprenurial potency, suppleness and business manship. MedCap is on the stock exchange under the symbol MCAP at NASDAQ OMX Stockholm. For more information, visit the website www.medcap.se.
About Scandinavian Nutrients:
Scandinavian Nutrients is a manufacturer and supplier of dietary health and nutritional supplements. The company offers contract manufacturing, private label, bulk raw material supplies, ingredient and formula consulting services for customers worldwide.
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