Probiotec Limited (ASX:PBP) entered in an agreement to acquire assets and business of H&H Packaging Pty Ltd for AUD 4 million on June 28, 2021. The consideration includes AUD 3.2 million payable at completion with a further AUD 0.8 million subject to achievement of an earn out target. The acquisition is expected to be immediately EPS accretive (pre-synergies) from completion. The transaction will be funded from cash reserves and completion is expected to occur at the end of July 2021.

Probiotec Limited (ASX: PBP) completed the acquisition of assets and business of H&H Packaging on August 1, 2021.