Zinzino AB (public limited liability company) acquires BioActive Foods AS – increased control enables continued growth and expansion
Zinzino AB, listed on First North at Nasdaq, Stockholm last Thursday, 11 December 2014, has acquired 90 per cent of the Norwegian company BioActive Foods AS. With this, Zinzino, which previously owned 10 per cent, becomes the sole owner with 100 per cent of the shares.BioActive Foods is a Norwegian knowledge-based company with solid experience of product development in the field of health and food supplements. The company has worked with Zinzino to develop, research and design Zinzino’s Balance range. BioActive Foods’ projected turnover for 2014 is NOK 40 million with a profit of NOK 3