Welcome to our dedicated page for S Ventures news (Ticker: SVTPF), a resource for investors and traders seeking the latest updates and insights on S Ventures stock.
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S-Ventures plc (AQSE:SVEN)(OTCQB:SVTPF) has acquired Hero UK Ltd, trading as Juvela, for £8 million in cash and 5 million shares. The cash payment includes £6.5 million at completion and a deferred £1.5 million with 8% interest due in September 2023. Juvela specializes in gluten-free products, projecting gross sales of £8.6 million for the year. The acquisition aims to leverage synergies with existing brands and tap into the growing UK free-from market, which is expected to grow significantly.
S-Ventures PLC (AQSE:SVEN, OTCQB:SVTPF) announced significant contract wins, enhancing brand visibility across its product lines including Pulsin, Purely, Ohso, and Livia's. Key highlights include:
- Pulsin featured in six ASDA stores and expanded distribution in Holland & Barrett by over 2,000 points, including the launch of new flavored protein powders.
- New listings in major retailers like Co-op and WH Smiths.
- Livia's Nugglets selected by Easyjet for their inflight menu.
CEO Scott Livingston emphasized the company’s rapid growth and commitment to quality.
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