Sydney, June 6: Homart Group, a leading Sydney-based company in health supplements, skincare, and functional dairy products, has made significant strides by acquiring Thompson’s® Herbals and is finalizing the acquisition of Thursday Plantation®. These acquisitions aim to expand Homart’s presence in the Australian and New Zealand markets.
Thompson’s® Herbals, a New Zealand brand with a 74-year history, and Thursday Plantation®, an Australian natural essential oils brand, will significantly enhance Homart’s scale and operations. Homart’s Managing Director, Jeffrey Yeh, highlighted the strategic importance of these acquisitions, stating, “This significant development aligns with our strategic vision to expand our domestic brand presence by acquiring a company with deep roots in Australia and New Zealand through their well-known brands, which are recognized for their quality and heritage.”
These acquisitions are expected to boost Homart’s proforma revenue to over $100 million in the 2024 financial year. Homart already distributes its products globally under twelve brands, including Spring Leaf, Top Life, Health N Nature, and Little Innoscents. The company has won multiple awards for its commercial achievements and quality, including the 2023 Premier’s NSW Export Award for the e-commerce category.
Integria, the previous owner of Thompson’s® Herbals and Thursday Plantation®, supports the transition. Integria CEO Wayne Mcintosh said, “Homart’s commitment to excellence and passion in everything it does means we have every confidence in a blossoming future for both Thompson’s® Herbals and Thursday Plantation®.” Nick Lynch, Integria’s Head of Retail, added, “This is an exciting new era for the Thompson’s® Herbals and Thursday Plantation® brands. Both brands are positioned at an important strategic junction and are poised to deliver strong growth both organically and via product innovation through Homart’s significant R&D capabilities.”
Homart’s vertically integrated business model, which includes in-house R&D, manufacturing, distribution, and marketing, will benefit from these additions. Lynn Yeh, Homart’s founder and CEO, expressed enthusiasm about the future, stating, “Over the past decades, we have had a lot of interest from overseas buyers seeking to acquire Homart. While many of our industry peers have chosen to sell to international parties, we have always believed that Australian-made and Australian-owned was the right pathway for us, which forms a big part of the entrepreneurial story of Homart. Arriving at this milestone today, we are excited about the many opportunities this acquisition will bring as we move one step closer to our vision of becoming a complete health and wellness ecosystem of brands, innovation and manufacturing servicing the growing number of health-conscious consumers both domestically and internationally.”
With over 21 awards for quality and commercial achievements, Homart aims to leverage these acquisitions to introduce new products and enhance its competitive edge in both local and international markets.
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