Bubs Australia Limited (ASX: BUB) today, 17 April 2019, announced the sale of certain assets of Coach House Dairy brand to The Remarkable Milk Company Pty Ltd.
The Coach House Dairy brand was added to the portfolio of Bubs post the acquisition of NuLac Foods Pty Ltd in 2017. This brand is not considered core to Bubs business strategy, which is built around infant nutrition and goat dairy products. The divested assets include the business conducted under the ‘Coach House Dairy’ brand for the production and sale of flavoured cow’s milk products, including the Australian registered trademarks, recipes, website and social URL’s.
Bubs would receive half a million dollars post the sale completion, and the sale is expected to wind up by 30 June 2019 as per the company declaration.
Bubs Australia has witnessed a slew of transactions