NUTRITION Care Pharmaceuticals has announced a "corporate partnership" with Hong Kong-listed Ausnutria, which will see Ausnutria acquire 75% of Nutrition Care for a total value of $30 million.
Manufacturing will remain in Australia, with the deal seeing Nutrition Care products expand into China's "booming supplements and complementary medicines market," according to a company statement.
"Nutrition Care is to become a premium, professional, Australian manufactured global brand," with the range complementing Ausnutria's existing paediatric cow and goat milk formula products.
Nutrition Care founder Ian Brighthope will retain the other 25% and will oversee the firm's research and training operations, continuing his vision of a strong, professional supplements brand.
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