CM maker “urgent sale”
April 6, 2016
COMPLEMENTARY medicines
supplier Australian NaturalCare
Products (ANC) has been put on the
market, after its parent company
Direct Wellbeing Pty Ltd was placed
under external administration
earlier this week.
The Administrators, Todd Gammel
and Barry Taylor of accountancy
firm HLB Mann Judd, have today
advertised for “urgent expressions
of interest for the purchase of
shares” in ANC which is described
as a leading direct marketer of
vitamins and supplements in
Australia.
ANC brands include Australian
NaturalCare and Pure Vitamins,
with the company offering more
than 90 TGA-listed vitamins and
supplements along with “500
products designed to assist the
elimination of chemicals from
the home environment” such as
skincare and cleaning supplies.
The company also has TGA
approvals and licenses for goods
manufactured in accordance
with pharmaceutical Good
Manufacturing Practice, with a
“stable and loyal customer base
of over 70,000” and an annual
turnover of $17 million.
Direct Wellbeing was founded in
2011 and is based in North Ryde,
Sydney, with the company’s sole
director being Peter Jamieson of
Oyster Bay, NSW.
It’s unclear why the company
was placed into administration,
but the administrators say the
business could provide a potential
acquirer with an ideal way to grow
and diversify as well as offering
potential from new products and
expansion into Asian markets.
Expressions of interest are
required by close of business on Fri
15 Apr 2016 - more information on
02 9020 4121.
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