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Market: AIM
Sector: Pharmaceuticals & Biotechnology
EPIC: RNSM
Latest Price: 0.00p  (0,00%)
52-week High: 50.00p
52-week Low: 1.00p
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William Ransom & Son
www.williamransom.com

William Ransom & Son plc is a United Kingdom-based company engaged in the supply of branded medicines, vitamins and food supplements, the manufacture of pharmaceutical products, and the extraction of plant material for the healthcare, food and beverage industries.

Full William Ransom & Son profile here
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William Ransom divests Manuka Gold brand for £560,000

5th Feb 2010, 1:41 pm William Ransom divests Manuka Gold brand for £560,000

Hertfordshire headquartered natural healthcare company William Ransom (AIM: RNSM) agreed the disposal of its honey-based Manuka Gold health supplements to Honey New Zealand International for £560,000. Ransom said it intends to use the proceeds to reduce debt.

Ransom chief executive Ivor Harrison commented: “The divestment releases significant working capital and is consistent with the company's strategy of creating a focused, higher margin, differentiated natural consumer healthcare business".

The Manuka Gold brand is composed of various manuka honey based products, which are believed to be effective against a wide range of bacteria, particularly the helicobacter pylori, which is associated with stomach ulcers, the group said.

The product’s primary ingredient is imported from New Zealand. The Manuka Gold brand generated annual sales of approximately £300,000 in the year ended March 2009.  However Ransom said that the brand's margins are being significantly eroded due to changing distribution channels.

Ransom expects to continue the distribution of Manuka Gold to some of its client base on behalf of New Zealand Honey International, for a fee.

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