Natraceutical has formalised the sale of its subsidiary Natraceutical Industrial, SLU to Naturex.
As part of the transaction between Naturex and Natraceutical from December 2009, through which Naturex acquired Natraceutical's ingredients division, Naturex has formalized the acquisition of Natraceutical's subsidiary Natraceutical Industrial SLU, a remaining asset from the former ingredients division. Natraceutical Industrial is the owner, among other assets, of the production site in Valencia (Spain) which Naturex was renting since end 2009.
The transaction amounts to 8.5 million euro, to be paid in June 2017. Standard guarantees have been defined, which would reduce the final price in case potential contingencies materialize.