New Image Group seeks investment to expand infant formula manufacturing

Sun, 22 Nov 2015

By Fiona Rotherham Nov. 23 (BusinessDesk) - NIG Nutritionals, the manufacturing arm of nutritional and health marketer New Image Group, is seeking to sell up to half the company to raise money to expand its infant formula manufacturing, following strong demand from China and wider Asian markets. NIGN is currently a wholly owned subsidiary of the formerly listed and Auckland-based New Image Group, which is majority owned by Graeme Clegg and trusts associated with him. It has appointed PwC to manage the capital raising process and is see...

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