Strategic and commercial update
RNS & Investor News
Distribution agreement with Ravenswood for SlimBiome®
28 November 2023
OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skincare, announces it has signed an agreement with Ravenswood Ingredients Pty Ltd (“Ravenswood”) for the distribution of SlimBiome® in Australia and New Zealand.
Ravenswood is part of the Brenntag group, a specialised ingredient supplier with more than 17,000 employees in over 72 countries, and revenues of €19.4bn in 2022. Brenntag group acquired Ravenswood in November 2022 as part of its nutrition strategy which focuses on specialised value-added ingredients. See: Brenntag strengthens its position in Specialties in Australia and New Zealand by acquiring the Life Science business from Ravenswood | Brenntag.
Ravenswood brings access to the food and beverage markets and will complement existing partner capabilities which are largely focused on the meal replacement market to broaden OptiBiotix’s impact in Australia and New Zealand. This is part of a strategy of building partnerships to support expansion of OptiBiotix’s geographical footprint with companies who bring national and international capability for highly differentiated value-added ingredients in high growth markets around the world.
Stephen O’Hara, CEO of OptiBiotix, commented: “We are pleased to announce this agreement with Ravenswood who bring specialised food ingredient expertise as part of the Brenntag group, a global market leader in chemicals and ingredients distribution. This agreement is another example of OptiBiotix working with large partners and extends access to the food and beverage markets within Australia and New Zealand with a company which is part of a group which is a global leader in the ingredients market.”
The Directors of the Company are responsible for the release of this announcement.
For further information, please contact:
|OptiBiotix Health plc
|Neil Davidson, Chairman
|Contact via Walbrook below
|Stephen O'Hara, Chief Executive
|Peterhouse Capital Limited (Broker)
|Tel: 020 7220 9797
|Duncan Vasey / Lucy Williams
|Walbrook PR Ltd
|Mob: 07876 741 001
About OptiBiotix - www.optibiotix.com
OptiBiotix Health plc (AIM: OPTI), which was formed in March 2012, brings science to the development of compounds which modify the human microbiome - the collective genome of the microbes in the body - in order to prevent and manage human disease and promote wellness.
OptiBiotix has an extensive R&D programme working with leading academics in the development of microbial strains, compounds, and formulations which are used as active ingredients and supplements. More than twenty international food and healthcare supplement companies have signed agreements with OptiBiotix to incorporate their human microbiome modulators into a wide range of food products and drinks.
OptiBiotix is also developing its own range of consumer supplements and health products. The Company's current areas of focus include obesity, cardiovascular health, and diabetes.
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