Today : Thursday 10 May 2012
Union Equity, Inc. (PINKSHEETS: UNQT) is pleased to announce that its wholly owned subsidiary, Union Equity Investments, Inc., has acquired 100% ownership of Natural Product Laboratories LLC, a privately held company based in Melbourne, Florida,in exchange for an undisclosed amount of Union Equity, Inc.'s restricted Stock and cash. Natural Product Laboratories is a contract filler and blender of FDA regulated custom personal-care products for the hotel, resort and destination spa industry. The company's client base consists of numerous top tier hotels, resorts and spas in the United States.
This means, shares were dumped to pay for this. No? I don't think it's a bad thing if it has some teeth to grow the business, but has to be part of the shares traded recently.
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