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!
This well-established, profitable two-surgery dental practice in Greater London presents an attractive opportunity for prospective buyers.
LEASEHOLD
This fully private dental practice in Surrey has experienced significant revenue growth since its establishment in 2018, leading to the addition of a second surgery in 2022.
LEASEHOLD
This well-established, fully private 2-surgery dental practice in Kent offers a solid platform for growth, with expansion potential on the upper floors and a loyal patient base.
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.