Sale of The Australian Superfood Co to The Sustainable Nutrition Group (ASX: TSN)

SLM is pleased to advise that it has acted as corporate adviser to the shareholders of The Australian Superfood Co on the sale of the business to The Sustainable Nutrition Group, with the transaction completing in late January 2022.

Founded in 2015, The Australian Superfood Co has established itself as a market leading supplier of Australian native foods and ingredients to the food and beverage manufacturing, hospitality, nutraceutical and cosmetics industries. The business sells a diverse range of native fruits and ingredients including Bush Apple, Aniseed Myrtle, Desert Lime, Wattleseed, Finger Lime and Davidson Plum, through both wholesale and retail channels.

ASX-listed The Sustainable Nutrition Group is a vertically integrated business which produces, manufactures and distributes a range of sustainable and plant-based nutrition brands, including hemp products under the Mt Elephant, Australian Primary Hemp and Field Day brands to retail, wholesale, e-commerce and white label customers in Australia. The acquisition of The Australian Superfood Co provides the company with further scale in the rapidly growing ingredients market with new branded products and new markets.

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