Blackmores Limited (ASX:BKL) agreed to acquire Catalent Australia Holding Pty Ltd from Catalent, Inc. (NYSE:CTLT) for AUD 43.2 million on April 24, 2018. The transaction consists of acquisition of 100% of Catalent Australia Holding Pty Ltd including the manufacturing facility in Braeside Victoria. The acquisition is made on cash free and debt free basis. The cost of acquisition of subject to certain agreed adjustments. The transaction is expected to be fully debt-funded. The transaction is not subject to any regulatory or other conditions, except for a material adverse event or insolvency event. The transaction is expected to close October 25, 2019. The transaction is expected to have a positive impact on earnings per share from year one. Ernst & Young Australia acted as a due diligence provider to Blackmores Limited (ASX:BKL).

Blackmores Limited (ASX:BKL) completed the acquisition of Catalent Australia Holding Pty Ltd from Catalent, Inc. (NYSE:CTLT) for AUD 53 milion on October 25, 2019. Blackmores paid AUD 33 million and a capital payment of approximately AUD 20 million expected to be paid in early 2020, being the amount attributable to upgrades and expansions over the past 18 months and customary working capital adjustments.