Blackmores shares surge past $200 after Bega Cheese deal

 In Australia, NewZealand
Shares in vitamins group Blackmores jumped over the $200 mark after the company announced it is expanding beyond its core business to enter into the infant formula market through a partnership deal with ASX-listed dairy group Bega Cheese.
Blackmores, which has experienced an incredible rise in its share price over the past 14 months because of heavy demand for its vitamins and health supplements in China, will begin selling the new range of products, which also include nutritional foods, in early 2016.
Bega’s subsidiary Tatura will be the manufacturer of the products which aim to capitalise on rising demand in China and other Asian countries for Australia’s "clean and green" premium food and health supplements products, where the sourcing of ingredients is able to be accurately tracked.  Sydney Morning Herald – Read more…

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