Forbidden Foods Ltd is set to acquire Oat Milk Goodness in an all-scrip deal

Aug 14, 2024

Forbidden Foods Ltd (ASX: FFF) announced the successful execution of a Share Purchase Agreement to acquire 100% of the issued capital of Good Oats Pty Ltd. This strategic acquisition presents an incredible opportunity for Forbidden Foods to expand and diversify its product offering by integrating OMG's esteemed range of plant-based milk products with the Company's popular Blue Dinosaur healthy snack range.

Combining the strengths of both companies in sales & marketing, logistics, and supply chain management, it is poised to drive significant growth for a seamless, multi-channel product offering. This acquisition is set to elevate Forbidden Foods' revenue profile, bolster its Australian distribution network, and unlock international expansion opportunities, all while optimizing operating costs across both entities.

 

 

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