Tooru plc (AIM:TOO), the AIM listed company focused on the branded health and wellness sector, has agreed in principle to acquire European e-commerce plant-based home milk-making business Mylky for £12 million.
The transaction should be completed within three months, and Tooru Chief executive Scott Livingston anticipates the deal will elevate Tooru from micro cap status and generate group revenues of £25 million.
In this interview investors will learn:
• How the Mylky acquisition complements Tooru’s existing portfolio
• What the addressable market is for Mylky’s ‘free-from, made-at-home’ market
• How Tooru’s existing channels will distribute Mylky products to the U.K. market.
• What steps remain before the acquisition of Mylky is finalised
• How the £12 million purchase will be satisfied
• Why the acquisition doesn’t constitute a reverse takeover
• Why the acquisition makes TOORU attractive to both retail and institutional investors
• When further acquisition could be announced
Scott Livingston, Chief Executive of Tooru Plc was interviewed by Sarah Lowther for focusIR.
