Wed, 07 Apr 2021 | BUSINESS SALE
Consumer healthcare firm Fen Group, which specialises in cannabis-derived wellness products, has begun an acquisition drive with the takeover of CBD contract manufacturing specialist White Label 360.
The acquisition of the Barnsley-based company consolidates Fen Group’s position as one of the market leaders in the UK’s CBD and cannabis products industry. Fen Group, which is based in Halifax, says that the deal will be the first in a string of acquisitions.
White Label 360 has a broad product offering and a significant client portfolio. The acquisition, which includes White Label 360’s flagship CBDeaze brand, also opens up possible German and South African distribution channels for Fen Group.
Furthermore, the acquisition of White Label 360’s product offering enables Fen Group to submit market leading dossier to the Food Standards Agency (FSA), as per the upcoming legislation on Novel Foods.
Fen Group Chief Executive Tom Fennell commented: "This acquisition allows Fen Group to rapidly increase our revenues, whilst keeping our core value proposition consistent, we are very excited to build on the foundational work that Colin has put in.”
White Label 360 Chief Executive Colin O’Donnell added: "I am looking forward to working with Fen Group as they endeavour to bring structure into such a fragmented CBD market in the UK."
Find businesses for sale here.
If you are looking for an exit, we can help!
Opportunity to acquire a profitable Domiciliary Care agency, which is backed by a national Franchisor. With a strong management structure in place and a dedicated team of 17 carers, the business provides their area with the very best levels of suppor...
LEASEHOLD
A health clinic specialising in skincare and dermatology that can boast a diverse client base and consistent growth since the company was founded in 2011.
This East Mids-based company specialises in non-emergency patient transport, transferring NHS patients to and from hospitals, care homes and private properties. The company operates 24 hours a day 365 days, and provides UK-wide coverage.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.