The parent company of embattled health food brand Bounce known for its range of protein balls will have a new home, after it was bought out by another health company.
Last month, documents revealed that Natural High Co Pty Ltd which operates Bounce Foods entered administration due to a heavy debt burden.
But on August 2 the Bounce brand and related IP was sold to PharmaCare Laboratories Pty Ltd, according to 9news.com.au.
Shortly after commencement of the administration, an expressions of interest sale campaign was conducted to find a buyer for the companys business and assets, which included the Bounce brand, a spokesperson for auditing firm Grant Thornton told the publication.
As administrators we are glad to have been able to s…
Read the full article at: https://www.dailytelegraph.com.au/business/companies/retail/bounce-protein-balls-find-new-home-with-health-giant-after-entering-administration/news-story/5d39db0588a7c83542d296417b1f0e2f?nk=28241d53c3d9845347bfec8577dffe17-1691125254
