Probi USA has signed an asset purchase agreement to acquire the operations of the US probiotic company TNTGamble, doing business as Nutraceutix.
The acquisition was completed today on 3 October, 2016.
Probi USA says an exciting new position will be secured by the new entity, with promising potential for core business growth and new development in the probiotic market – both in the US and globally.
Probi and Nutraceutix’ suppliers and partners will benefit from a new global footprint and broader distribution channels, new research, development and project opportunities, strong expected business growth, and continued strategic relationships with the new company.
The two companies have started the integration project and are aiming to implement a rapid and productive integration.
The new company will have the Probi name and market both the Probi and Nutraceutix brands.