William Ransom and Son to purchase Trust William

William Ransom and Son has agreed a deal that will see it acquire the natural healthcare products supplier Trust William.

The terms of the agreement will see Optima Consumer Health, a subsidiary of William Ransom, purchasing the assets and some of the liabilities of Trust William from MDY Healthcare, in exchange for a nominal consideration based on future sales.

This will be an aggregate amount equal to 2.5 percent of net sales of Trust William between the finalisation of the takeover and April 1st 2014, while Optima will sell its Trust William shares to MDY for one pound.

Sir Roger Jones, chairman of William Ransom, said the purchase will play a role in the ongoing simplification of the company, while bolstering its online consumer product sales.

"The board believes the transaction is in the best interests of the company and its stakeholders," he added.

Earlier this year, it was announced that William Ransom and Sons will be purchased by OBG Pharmaceuticals in a deal worth 350,000 pounds.