Forbidden Foods Completes Oat Milk Goodness Acquisition

Forbidden Foods Ltd (AU:FFF) has released an update.

Forbidden Foods Limited has successfully acquired Oat Milk Goodness, a non-dairy business co-founded by cricketer Steve Smith, enhancing its position in the ‘Better for You’ FMCG segment. The all-scrip deal promises to bolster Forbidden Foods’ product range and distribution capabilities, with recent sales of $364,000 signaling strong post-acquisition momentum. Additionally, the company has undergone board restructuring, including the appointment of investment advisor Daniel Rootes as a Non-Executive Director.

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