BioGaia buys out probiotic drops company for €3.5m
Swedish probiotics specialist BioGaia has taken 100% control of probiotic drop producer TwoPac for €3.5m. It previously had a 50% stake in the 11-year-old fellow Swedish firm.
TwoPac’s only client is BioGaia, which funded a new factory it built in 2012.
“The most important aspect of the acquisition is that it will give us unlimited access to TwoPac’s product development capacity and expertise in building customised machinery,” said BioGaia president, Peter Rothschild.
TwoPac president Per Hjalmarsson will remain in his role.
