Powered by Membership Services Ltd

Science in Sport to acquire PhD Nutrition

Science in Sport PLC has raised £29 million via a share placing to fund the acquisition of protein brand PhD Nutrition which it has agreed to buy for £32 million in cash and shares on a cash-free, debt free basis. The acquisition is expected to have a positive impact on revenues and to deliver growth as well as complement Science in Sport's plans to expand internationally. PhD, which achieved sales of £18.3 million for the year to August, has already entered the Chinese and Middle East markets. 

"The acquisition of PhD is highly complementary, doubles the size of our business and accelerates our ambition to become a global leader in premium performance nutrition. It is a compelling combination that will deliver a wider product offering, including premium protein, provide broader consumer reach and greater international presence, and dovetails our respective strengths in retail and eCommerce channels," said chief executive Stephen Moon. 

To read more coverage on Science in Sport, in general, simply use the search bar on the top right of this page. To view any articles, you will need to subscribe.

To access our news archive, use the search bar on the top right of this page. To view any articles/past magazine issues, you will need to subscribe or sign in.