West Yorkshire-based Fen Group, a consumer healthcare manufacturer specialising in cannabis-derived wellness products, has made the first in what its says will be a string of strategic acquisitions as its looks to become the dominant player in the UK CBD market.
The business has snapped up White Label 360, a CBD contract manufacturing firm based in Barnsley with a substantial portfolio of clients, and a broad product offering.
Colin O’Donnell, CEO of White Label 360, said: “I am looking forward to working with Fen Group as they endeavour to bring structure into such a fragmented CBD market in the UK.”
Along with White Label 360’s contract manufacturing business, Fen Group is also acquiring their flagship brand, CBDeaze, which has been trading in the market since 2015.
This new acquisition also opens up potential distribution channels in Germany and South Africa.
Tom Fennell, CEO of Fen Group, said: “This acquisition allows Fen Group to rapidly increase our revenues, whilst keeping our core value proposition consistent, we are very excited to build on the foundational work that Colin has put in.”