Blackmores Limited (ASX:BKL) entered into an agreement to acquire IMPROMY brand from Probiotec Limited (ASX:PBP) for AUD 9 million on August 28, 2018. The consideration will be paid in cash subject to normal adjustments. The completion of transaction is expected to occur in November, 2018, subject to satisfaction of conditions precedent requiring the consent of certain contract counterparties to the assignment of their contracts to Blackmores Limited. PricewaterhouseCoopers International Limited acted as accountant for Probiotec Limited and Arnold Bloch Leibler acted as legal advisor for Probiotec Limited.

Blackmores Limited (ASX:BKL) completed the acquisition of IMPROMY brand from Probiotec Limited (ASX:PBP) for AUD 8.7 million on November 26, 2018.