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Pin to quick picksPz Cussons Share News (PZC)

Share Price Information for Pz Cussons (PZC)

London Stock Exchange
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Share Price: 80.60
Bid: 80.00
Ask: 81.30
Change: 2.10 (2.68%)
Spread: 1.30 (1.625%)
Open: 78.80
High: 80.90
Low: 78.40
Prev. Close: 78.50

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Cussons buys Childs Farm for £36.8m

Mon, 21st Mar 2022 07:05

(Sharecast News) - Consumer products giant PZ Cussons said it had bought UK baby and child personal care company Childs Farm for £36.8m in cash.

The company on Monday said Childs Farm founder Joanna Jensen reinvested £3.3m to take an 8.1% stake in the purchased business and Cussons would buy this back by May 2025 for up to £32.5m.

Childs Farm's range includes bath and shower, skincare and haircare products. It started trading in 2011, "at highly attractive gross margins", Cussons said. The company made a loss before tax of £0.9m and gross revenue of £17.4m in the year to December 31, 2020.

Cussons said the deal was not expected to have a material impact on its profits for the fiscal year to May 31 and would be earnings accretive for the 2024 financial year.

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