Gilla Inc has signed a letter of intent for the acquisition of the issued and outstanding shares of TB INVEST BVBA (TB INVEST).

The company will pay $15.45m to the TB INVEST vendors as consideration for the acquisition.

Gilla is a producer of E-liquid for vapourisers and developer of cannabis concentrate products, while TB INVEST is a retailer and marketer of E-liquid and other vapour products in Belgium.

Scheduled for completion by October, the transaction will enable Gilla to integrate its production and distribution platform with TB INVEST’s wholesale and retail network.

AKD Securities Limited, on behalf of OBS Pakistan Private Limited, intends to acquire a 90.99% stake in Globe Textile Mills Limited.

OBS Pakistan is engaged in the production and sales of pharmaceutical and consumer health products.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The 90.99% stake represents 14,891,829 ordinary shares and OBS Pakistan will also take control of the management of Globe Textile Mills, upon completion of the acquisition.

The Hut Group (THG) has completed the acquisition of Language Connect for an undisclosed sum.

THG is an online health and beauty retailer, while Language Connect is a services firm engaged in the language translation and localisation business.

The acquisition will bring more investment into the Ingenuity platform of THG.

“The acquisition enables SSC to fortify its market presence in Indonesia and expand business for its existing assets.”

The transaction enables Hut Group to expand its presence with offices in London, New York, Singapore, Dubai, Munich, and Melbourne.

La-Z-Boy Incorporated has entered a definitive agreement for the acquisition of Joybird (trade name of Stitch Industries Inc) for an undisclosed sum.

La-Z-Boy is an online manufacturer of upholstered furniture, while Joybird produces custom, mid-century, modern upholstered furniture.

Joybird will become a wholly owned subsidiary of La-Z-Boy, upon completion of the transaction.

The deal will enable La-Z-Boy to improve its online presence and leverage its supply chain assets.

Siam Cement Public (SSC) has signed conditional agreements to acquire a 29% stake in PT Catur Sentosa Adiprana (CSA) for $72m.

Based in Thailand, SSC is a cement and building material company, while CSA is a retailer of home products in Indonesia.

The acquisition enables SSC to fortify its market presence in Indonesia and expand business for its existing assets.

SCG Retail Holding, a wholly owned subsidiary of SCC, will manage the transaction on its behalf.