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BWX Announces Completion of Acquisition of Stake in Go-To Skincare

30 Sep 2021  |  13:44:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Completion of Acquisition of Stake in Go-To Skincare

BWX announced the completion of the Company's acquisition of a 50.1% interest in Go-To Skincare ("Go-To") for A$89m ("Acquisition Price") (the "Partnership"), which remained subject to customary post completion working capital adjustments. Founded by Zoe Foster Blake in 2014, Go-To is an Australian skin care provider with a range of skin care products for the masstige market. The Partnership is expected to be mid-single digit EPS accumulative on a FY21 pro forma basis (pre-synergies) and double-digit EPS accumulative on a FY21 pro forma basis post $3m of synergies in the first full financial year of the Partnership.

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