Zinzino stated:
Zinzino acquires the company Enhanzz IP AG including IP rights to its brands HANZZ + HEIDII and YU. Enhanzz Global AG with its distributor organization and merchandise on hand are also part of the acquisition.
The business, which reported sales of approximately EUR 3 million in the previous year, is expected to create strong growth through the synergies that arise in the shared networks. The gross margins in the business are good and great profitability is expected from utilizing ZInzino’s existing technical platform and organization.
Zinzino will pay a fixed purchase price of EUR 1 million upon entry, divided into 75% cash and 25% newly issued Zinzino shares. There are also additional conditional purchase prices based on the sales development generated by the acquired distributor organization in the period 2022–2027.
The total additional purchase consideration is estimated to amount to EUR 2.5 million, but may, in case of a maximum outcome, amount to EUR 6.5 million which shall be 100% settled with newly issued Zinzino shares. The cash part of the purchase price is financed with own cash.
Sven Goebel CEO Enhanzz Global said:
ENHANZZ Global is excited to have concluded a merger with Zinzino AB, Gothenburg.
Zinzino is a USD 150 Mio+, publicly listed
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Enhanzz Global Launch – 6,000 Customers and Distributors Join
by Ted Nuyten • • 0 Comments
Only 8 week after the start of their pre-launch phase, the new European Startup from Switzerland – Enhanzz Global is breaking first records. With more than a thousand Brand Partners and five thousand excited customers for their product, the launch could be described as nothing else but impressive.
All processes are fully functional, and shipping and commissions work on-time like a Swiss clock. On businessforhome.org, the company reached a listing close to the Top 100 in Momentum rank – from scratch.
If you follow the Social Media Hashtag #hanzzandheidii on Instagram, you will find thousands of tagged photos about the product line alone. The company reports that the feedback on their products is indeed overwhelming: People are raving about the unique products, and many top skin care experts – as well as renown Social Media Influencers – are starting to line up.
Sven Goebel – Founder & CEO stated:
“A top level product is key for long term success. We are very fortunate and totally overwhelmed by the amazing feedback we are getting on our HANZZ+HEIDII professional Swiss skin care line. It gives us and our Brand Partners full confidence that they will be able to build a stable and sustainable business with Enhanzz Global.”
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