YOOMA4 Oct 2021 10:33
https://www.investegate.co.uk/yooma-wellness-inc.--yoom-/rns/acquisition-of-japanese-wellness-business/202110040700088261N/
The acquisition of Vertex Co.'s wellness products business adds diverse new products to Yooma's portfolio, provides a solid foothold in the Japanese marketplace, and gives Yooma access to new sales channels
Yooma Wellness Inc. ("Yooma") (CSE: YOOM, AQSE: YOOM), a vertically-integrated global wellness platform that develops and markets a portfolio of wellness brands, announced today that it has completed the acquisition of Tokyo-based Vertex Co., Ltd. ("Vertex"). The transaction is valued at US$12,000,000 and was completed after market close on Friday, October 1.
Vertex sells a range of proprietary wellness products in Japan through various home shopping networks; including QVC, Fuji TV, Nihon TV and others; as well as popular online marketplaces such as Rakuten, Yahoo! Shopping , and Amazon, and Vertex's own Shop-V. The acquisition adds new product lines to Yooma's wellness offerings, increases its customer base and the size of its distribution network, and provides a foothold in the Japanese marketplace for further expansion into Japan and the rest of Asia.