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Pure Foods Tasmania Limited (ASX:PFT)

ALERT: Price-sensitive ASX Announcement for PFT
Current share price for PFT : $0.026 0.003 (13.04%)+
Announcement
Release
2 Apr 2026 9:57AM
Price at Release
$0.023
Full Release
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Summary
Pure Foods Tasmania Limited (PFT) announced the acquisition of Brilliant Food Australia (BFA), a premium seafood product business, as part of its growth strategy. The acquisition is structured as a business and asset purchase, with PFT issuing 7,500,000 shares to satisfy a total consideration of $300,000. An additional $200,000 investment by the vendor at $0.03 per share signifies confidence in PFT's strategy. BFA, which generates approximately $1.3M in annual revenue, will complement PFT's existing food portfolio, with an expected uplift of 24% to PFT’s FY25 revenue. The acquisition, pending shareholder approval and other standard conditions, will enable PFT to transition from a manufacturing contract margin to capturing full product sales margins, enhancing manufacturing efficiency at the Woodbridge facility and expanding distribution nationally.
Key Points
  • Acquisition of Brilliant Food Australia by Pure Foods Tasmania Limited.
  • Transaction valued at $300,000 fulfilled by issuing 7,500,000 PFT shares.
  • Vendor to invest additional $200,000 in PFT shares.
  • BFA generates $1.3M in annual revenue, enhancing PFT's portfolio.
  • Expected to increase PFT’s FY25 revenue by 24%.
  • PFT to transition from manufacturing contract margin to full sales margin.
  • Expansion of BFA’s distribution through PFT’s network.
  • Completion subject to shareholder approval and customary conditions.
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.