# Wattle Health to acquire majority stake in Blend and Pack for $46M

Infant formula company Wattle Health will pay $46 million to increase its ownership of dairy processing and packaging facility Blend and Pack from 5% to 51%. The facility is located in Hallam, Melbourne, Australia, and is owned by Hong Kong-listed Mason Group.

- Type: Acquisition
- Announced: 2019-02-11
- Where: Hallam, Melbourne, Victoria, Australia
- Value: $32.6M (46.0M AUD)
- Status: announced
- Products: dairy products processing and packaging
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Wattle Health](https://endata.com/companies/37224.md) (acquirer)
- [Blend and Pack](https://endata.com/companies/37225.md) (target)
- [Mason Group](https://endata.com/companies/37226.md) (partner)

## Sources

- [afr.com](https://www.afr.com/companies/retail/wattle-taps-debt-market-for-46m-blend-and-pack-buy-20190211-h1b371), 2019-02-11: "Wattle Health will pay $46 million to move to majority ownership of the Blend and Pack dairy products processing and packaging facility"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.