Ebos to buy Red Seal for $80 mln in natural health products expansion

Sun, 15 Nov 2015

By Jonathan Underhill Nov. 16 (BusinessDesk) - Ebos Group, the animal and healthcare company, will expand its reach in the natural health products sector after agreeing to buy New Zealand vitamin and herbal tea maker Red Seal for $80 million. The acquisition will be funded from existing debt facilities and Red Seal would add to per-share earnings immediately, said chief executive Patrick Davies. "This transaction is part of our ongoing strategic expansion and diversification into areas where we believe there are attractive long term op...

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