Hong Kong listed Chinese dietary supplements and infant formula producer. Acquired 83% of Swisse in 2015.
|Biostime International Holdings Ltd||HKG||website|
|Biostime International Holdings Ltd|
|Company Structure||Public company|
|# Employees||3,300 in 2015|
|Subsidiaries||Swisse Wellness Pty Ltd|
|Address||Guangzhou, Hong Kong (China)|
Products / BrandsSwisse
Swisse now foreign owned
8th Oct 2015 — Hong Kong-listed company Biostime International Holdings on Thursday won the auction to buy Swisse, beating out two Chinese companies, Hony Capital and manufacturer Shanghai Pharma, on the way. Swisse will remain based in Melbourne, with a head office in Collingwood, but 83 per cent of the company is now in the hands of Biostime.
The Swisse deal highlights the demand for Australian brands and products in China, which are regarded as "clean and green" when compared with domestic produce.
See more about the companies behind health supplements at Shop Ethical! vitamins comparison page.[source]