ECS Botanics Holdings has entered into a binding share purchase agreement to sell its Tasmanian operation to US-based pet nutrition firm Blue Buffalo for A$3m.
A $300,000 deposit has been paid by Blue Buffalo for 100%-owned subsidiary ECS
Botanics Pty Ltd (TasCo). Settlement is due to occur on October 31 or a date agreed by both parties, at which point ECS will be paid the balance.
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