Silbery's Life-Space Group sold to China's By-Health for up to A$690M

Fri, 02 Feb 2018

By Sophie Boot Feb. 2 (BusinessDesk) - Life-Space Group, the Melbourne-based probiotics maker founded by Kiwi chief executive Craig Silbery, has been sold to Chinese-listed By-Health Group for up to A$690 million. The deal is subject to shareholder and regulatory approvals. The products are currently distributed in New Zealand through online retailer ANZ Pharma, and the company plans on further New Zealand expansion "in the near future". In Australia, the probiotics are sold at Chemist Warehouse, Australia’s largest pharmacy retailer,...

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