BioGaia acquires remaining 50 per cent of TwoPac AB
BioGaia has previously owned 50 per cent of TwoPac AB and the remaining shares have been held by TwoPac’s management. BioGaia has today signed an agreement to acquire the remaining 50 per cent. The total purchase consideration amounts to SEK 30 million and the change of ownership will take place on 1 July 2013.TwoPac AB was formed in 2002 to manufacture and develop packaging solutions for probiotics. At present the company primarily produces probiotic drops, but also manufactures straws on behalf of BioGaia. The company’s revenue consists entirely of sales to BioGaia. In 2012 the company