Yooma Wellness has acquired the Japanese Wellness brand Vertex Co. for US$12,000,000.
Vertically integrated global wellness platform, Yooma Wellness, which has a portfolio of brands including CBD products, made the acquisition of Tokyo-based Vertex Co.’s wellness products businesses, which sells its products in Japan through various home shopping networks.
Yooma chairman, Lorne Abony, commented: “We are very pleased Yooma has acquired Vertex, whose business and product offerings will expand the scope of our platform in size, diversity and geographic reach.
“This third acquisition marks the successful completion of the first phase of the strategic plan we outlined to investors earlier this year.
“We continue to identify and evaluate other potential strategic acquisitions that will be accretive to our platform, while focusing on integrating the exciting new brands, businesses and product lines we have acquired in the last two months.”
Yooma says the acquisition adds new product lines to its 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.
Yooma recently acquired the award-winning brand Vitality CBD for £10.2m via it’s wholly owned subsidiary, Yooma Europe Limited., and commenced trading on the Aquis Stock Exchange Growth Market (AQSE) in August.
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