PxPixel
Provexis acquires Science in Sport - BikeBiz

Provexis acquires Science in Sport

£8 million deal sees 'science food' giant buyout firm
Author:
Publish date:
1-science-in-sport.png

'Functional food' giant Provexis has reportedly bought out Science in Sport for around £8 million.

Stephen Moon, chief executive officer of Provexis plc, commented: "We are delighted to announce that the company has entered into a conditional agreement to acquire SiS (Science in Sport) Limited which is expected to complete on 24 June 2011."

Science in Sport's turnover for the year ended December 31st 2010 is reported to be £4.6 million, a steady growth on the prior year's £4.3 million..

Moon continued: "Science in Sport is a highly regarded and growing company in the substantial sector of sports nutrition. I believe there are strong synergies between the two businesses, with the existing scientific, regulatory and product development capability of Provexis available to further enhance the reputation of Science in Sport with elite and professional athletes. The revenue generating, profitable nature of the new business will help us to achieve our strategic goals, by adding a near term revenue stream to our longer-term pipeline development bias."

Science in Sport is distributed via Madison, Moore Large and Harris Active.

Investigate.co.uk has more detailed financials here.

Featured Jobs

the cycle hub

Showroom Manager

The Cycle Hub I Dubai, United Arab Emirates I Competitive Package & Bonus I Date Published Tuesday 26th June 2018

Giant St Paul Logo

Bike Fitter / Sales Person

Giant St Pauls I City of London I Salary: Negotiable Dependent on Experience I Date Published Thursday 21st June 2018

CRC_Logo_620x349-1

Bike Technician

Chain Reaction Cycles I Ballyclare I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018

Canyon_Logo_1(1)

Brand Content Writer

Canyon Bicycles GmbH I Koblenz, Germany I Salary: Up to €38,000 I Date Published Tuesday 3rd July 2018

CRC_Logo_620x349-1

Retail Sales Advisor

Chain Reaction Cycles I Belfast I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018