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Nutritional Growth Solutions Ltd (ASX:NGS)

ALERT: Price-sensitive ASX Announcement for NGS
Current share price for NGS : $0.022 0.002 (10%)+
Announcement
Release
25 May 2026 10:25AM
Price at Release
$0.020
Full Release
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Summary
Nutritional Growth Solutions Ltd (NGS) has entered into a transformational acquisition agreement to acquire 100% of Sprout Organic Pty Ltd, a company known for its FSANZ-approved 100% organic, plant-based infant formula. This strategic acquisition forms a paediatric nutrition platform that spans infant to childhood nutrition, strengthening NGS’s market position in the fast-growing segments of plant-based and allergen-friendly nutrition. The transaction includes raising A$2.5 million to fund growth, integration, and working capital and is subject to shareholder approval. Significant cost synergies and immediate operational benefits are anticipated, with Sprout’s products enhancing NGS's distribution through both Australian and international channels.
Key Points
  • NGS to acquire 100% of Sprout Organic Pty Ltd.
  • Sprout known for world’s first FSANZ-approved organic, plant-based infant formula.
  • Acquisition expands NGS into a comprehensive paediatric nutrition platform.
  • A$2.5 million raised to support transaction and growth.
  • Expected cost synergies and operational integration savings of A$870,000 annually.
  • Selasi Berdie to become NGS CEO post-acquisition.
  • Transaction subject to shareholder approval.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.