Star Combo Pharma to acquire Bio-E for $42m.

Star Combo Pharma, an Australia-based listed nutritional products manufacturer, agreed to acquire Bio-E Australia, a natural health, food and beverage company, for $42m. Star Combo will pay $29m in cash and $13m in shares. “We first met Bio-E when we developed and formulated the new Sleep Diet product for them. Both companies quickly recognised the significant synergies by combining our business and bringing our complimentary skill sets together,” Richard Allely, Star Combo Chairman.