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BRIEF-BWX Ltd updates on acquisition of nourished life business
September 11, 2017 / 1:39 AM / 10 days ago

BRIEF-BWX Ltd updates on acquisition of nourished life business

Sept 11 (Reuters) - BWX Ltd:

* To acquire nourished life business for initial consideration of $20 million plus a potential earn out

* Net sales for nourished life for FY18 expected to exceed $25 million & pro- forma standalone EBITDA for FY18 expected to exceed $4 million

* Sees EPS accretion exceeding 5% based on 9 months contribution from nourished life

* Initial cash consideration of $16m been funded by direct placement of new shares in co to new, existing investors at price of $5.35/share Source text for Eikon: Further company coverage:

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