Recordati SpA acquired 100% of the share capital of Milan-based Natural Point S.r.l., which operates in the food supplements market.
The signing and closing of the transaction took place at the same time.
Natural Point recorded sales of €15 million in 2017.
"The acquisition of Natural Point represents a good opportunity to enhance our portfolio in the Italian self-medication market with well-known brands and good market shares" said Andrea Recordati, chairman and CEO of Recordati.
Recordati was advised by KPMG in the financial and tax due diligence investigation and by Gatti Pavesi Bianchi for the legal aspects. Natural Point was advised by Ethica Corporate Finance, as financial adviser and by Legance Avvocati Associati for the legal aspects.
