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BWX Acquires Nourished Life

11 Sep 2017  |  09:50:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: BWX Acquisition

BWX advised that the Company has agreed to acquire the Nourished Life business. An Australian business, based on Sydney's northern beaches, Nourished Life is recognised as a trusted, authentic online retail platform, exclusively focused on natural and organic skincare and health and wellbeing products. Through the extensive and strategic use of its social media and digital assets across Facebook, Instagram, Nourished Life blog, Nourished Life digital magazine, online store and website. It has agreed to acquire the Nourished Life business for initial consideration of $20m, comprising cash consideration of $16m and $4m of consideration in the form of its shares, representing 0.8 x forecast FY2018 revenues and less than 5 x forecast FY2018 EBITDA.

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