Agostini's completes Health Brands acquisition

Agostini's has announced that it has completed the acquisition of Jamaican-based health company Health Brands ltd.

In a notice of material change, Agostini’s said all conditions for the acquisition were met and the sale was completed on August 3.

Health Brands is a pharmaceutical and personal care distribution company. Once a subsidiary of GraceKennedy Ltd under the name Medi-Grace, it distributes medical equipment and supplies

Formed in 1975, it was sold in 2006 to Smith Russel and co Ltd.