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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Zinzino Expands Sales To All EU Countries
by Nicole Dunkley • • 0 Comments
Zinzino AB (publ), one of the world’s leading direct sales companies within health, will be expanding sales of the full range of Zinzino Health p roducts to all EU countries from 5 July 2016.
“Geographic expansion is one of the main objectives we need to achieve for continued strong growth, and is therefore a natural, but big step for us. We are, of course, very happy and proud to present this initiative, in which we see a huge potential,” says Dag Bergheim Pettersen, CEO of Zinzino AB.
Zinzino has been experiencing a strong growth in Northern Europe for a number of years, with a focus on Scandinavia and the Baltic countries.
Following the launch of Zinzino in Germany, Europe’s largest market for direct sales, during the first quarter of 2016, it is now
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Zinzino Starts Operations In Germany
by Ted Nuyten • • 0 Comments
Sweden based Zinzino, one of the world’s leading direct sales companies in functional food and coffee, continues to grow throughout Europe and is now establishing operations in Germany – Europe’s largest direct sales market.
Zinzino has experienced rapid geographical growth concentrating on Europe and North America. At the end of 2015, Zinzino began operations in Canada following a successful period on the US market.
The company has directed its focus towards preparing the business for its continued advancement, allying geographical expansion with product development.
The acquisitions of Faun Pharma AS and BioActive Foods AS means that Zinzino now controls the entire chain from research and development to production and analysis. This results in lower costs and greater control, which creates positive synergies throughout the entire chain up to the end consumer.
“Germany will be
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Swedish Health Company Zinzino Expands Into Canada
by Nicole Dunkley • • 0 Comments
After crossing the pond to enter the U.S. in 2014, Swedish health firm Zinzino AB is opening for business in Canada. In North America, the company markets omega-3 nutrition products, including a best-selling Balance Test that measures the body’s fatty acid profile.
In markets across northern Europe, Zinzino also offers ethically produced coffee, along with coffee makers and accessories. The company has established operations in 13 markets since its founding in 2005.
“We have a high geographical expansion rate, which is in line with our expansion strategy,” Zinzino CEO Dag Bergheim Pettersen said in a statement. “We have developed a model that allows us to quickly get started in the markets that we decide to enter.”
Last year the company streamlined its operations with the acquisition of Zinzino Pharma AS and BioActive Foods AS.
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Zinzino Opens Canada – 13th Market
by Ted Nuyten • • 0 Comments
Swedish Zinzino continues to grow internationally with its establishment in Canada Zinzino AB (publ), one of the leading direct selling companies within functional food and coffee, continues to grow internationally. Canada becomes the 13th market Zinzino enters, and the expectations are high.
We have a high geographical establishment rate, which is in line with our expansion strategy. We have developed a model that allows us to quickly get started in the markets that we decide to go into, says Dag Bergheim Pettersen, CEO of Zinzino AB.
Zinzino, which was listed on the Nasdaq First North in December 2014, has placed great emphasis on ensuring the business is ready for continued expansion. Earlier in the year the company acquired Zinzino Faun Pharma AS and BioActive Foods AS, which means that it now controls the entire
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Zinzino Listed On Nasdaq
by Ted Nuyten • • 0 Comments
Nasdaq announces that the trading in Zinzino AB (shortname: ZZ B) shares commenced today on First North at Nasdaq Stockholm.
Zinzino, previously listed at Aktietorget, belongs to the Consumer Goods sector and is the 43rd company to be admitted to trading on First North’s Nordic markets (Stockholm, Helsinki, Copenhagen and Iceland) in 2014.
Zinzino is one of the leading direct sales companies, represented in Sweden, Norway, Denmark, Finland, Estonia, Latvia, Lithuania, Iceland, The Faroes, Poland, The Netherlands and USA.
Zinzino markets and sells functional food and coffee. The functional food product line consists of the Balance products: oil, shakes, test and capsules.
The coffee product line consists of espresso machines, coffee, tea and accessories. Our business is characterized by high quality, closeness to the customer and focus on active product development. The products are marketed through direct sales.
The company has more than 60 employees and the main office is in Gothenburg, Sweden and also has an office in Florida, USA. The company owns a production company – Faun Pharma AS with 30 employees located in Vestby outside Oslo, Norway.
Zinzino Corporate Team