Tooru PLC (LSE:TOO) has begun trading on AIM following its acquisition of S-Ventures’ businesses, which include gluten-free bakery Juvela and health snack brands Pulsin and We Love Purely.
The company, which also owns digital marketing agency Market Rocket, told investors it is positioned to grow both organically and by acquisition.
It described ‘wellness’ as an attractive sector with significant scope for growth, and ‘an ever-changing landscape of opportunity’.
“We have a great portfolio of wellness brands alongside an innovative technology company to complement the portfolio. We firmly believe that this stable of brands has significant potential for growth,” Tooru's chief executive, Scott Livingston, said in a statement.
“The AIM quotation represents an important milestone to support continued development through access to capital and will help us to fully execute our vision and drive profitability.
“We plan to accelerate growth and scale organically and through complementary acquisitions in what is a fragmented market with significant opportunities.”
Tooru is the result of a reverse takeover into a vehicle that was previously RiverFort Global Opportunities. Earlier this week, it announced a £500,000 share placing and name change.