Company Announcement: Nutrition Systems to Expand Business through Merger
Nutrition Systems is pleased to announce that it is undertaking a merger with leading Australian biotechnology company, OBJ Ltd (obj.com.au) which will result in Danny Pavlovich becoming the major shareholder.
Although there will be no change to our day-to-day business operations, the deal will provide a number of positive opportunities for Nutrition Systems through leveraging the strengths of OBJ, specifically, having access to OBJ’s world-class technology platforms, marketing, TGA and manufacturing expertise.
Commenting on the deal, Nutrition Systems CEO, Danny Pavlovich, said: “This deal is an exciting next stage in the future of Nutrition Systems enabling us to take the company to the next level. In an increasingly competitive industry this merger will further cement our position as industry leader and will pave the way for a future of sustainable growth for both companies in Australia and New Zealand.
“Nothing will change with daily business operations and I will remain CEO of Nutrition Systems in the new entity. Our primary focus is always our customers and suppliers and we look forward to continue working with you during this exciting next phase of our business,” he said.