07.01.11
U.K.-based Provexis plc has entered into a conditional agreement to purchase the entire issued share capital of SiS (Science in Sport) Limited, which manufactures and sells sports nutrition products, for a total consideration of £8 million. SiS produces sports nutrition products for consumers and professional and elite athletes, including Olympic athletes, professional cyclists and triathletes. For the financial year ended December 31, 2010, SiS had unaudited turnover of £4.6 million. The directors of the company believe Provexis can use its management and technical capabilities to support growth in the SiS business in the areas of product development, scientific and regulatory expertise and expertise in the sports nutrition sector.
