Ebos buys Australian BlackHawk pet food business for $57.8 mln

Thu, 30 Oct 2014

By Paul McBeth Oct. 31 (BusinessDesk) - Ebos Group, the healthcare and animal care products company, has bought Australia's BlackHawk Premium Pet Care pet food business for $57.8 million, which it expects will immediately add to earnings. The acquisition is part of Ebos's plan to grab market share in the premium pet food sector, which it estimates is worth $720 million in Australia alone, the Christchurch-based company said in a statement. Ebos is funding the acquisition through existing debt, and may pay more by December next year if cer...

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