Cussons buys Childs Farm for £36.8m

by | Mar 21, 2022

Consumer products giant PZ Cussons said it had bought UK baby and child personal care company Childs Farm for £36.8m in cash.

The company on Monday said Childs Farm founder Joanna Jensen reinvested £3.3m to take an 8.1% stake in the purchased business and Cussons would buy this back by May 2025 for up to £32.5m.

Childs Farm’s range includes bath and shower, skincare and haircare products. It started trading in 2011, “at highly attractive gross margins”, Cussons said. The company made a loss before tax of £0.9m and gross revenue of £17.4m in the year to December 31, 2020.

Cussons said the deal was not expected to have a material impact on its profits for the fiscal year to May 31 and would be earnings accretive for the 2024 financial year.

Related articles

AstraZeneca to buy Gracell Technologies for $1.2bn

AstraZeneca to buy Gracell Technologies for $1.2bn

(Sharecast News) - AstraZeneca on Wednesday said it was buying Gracell Biotechnologies, a global clinical-stage biopharmaceutical company developing cell therapies for the treatment of cancer and autoimmune diseases, for $1.2bn. Under the terms of the deal,...

Swisscom weighing offer for Vodafone’s Italian business

Swisscom weighing offer for Vodafone’s Italian business

(Sharecast News) - Swiss telecommunications firm Swisscom has been mulling over an offer for Vodafone's Italian operations early next year, according to Bloomberg, potentially countering a rival bid from Iliad SA. The potential deal will see Vodafone's mobile service...

SSP expands into Canada, Saudi Arabia

SSP expands into Canada, Saudi Arabia

(Sharecast News) - International travel food and beverage outlet operator SSP Group on Thursday said it had expanded into Canada and Saudi Arabia as it pivots to high-growth markets. The company, which owns the Upper Crust and Ritazza brands, said it had bought...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x