TOORU CEO, Scott Livingstone, On How The Mylky Acquisition Delivers Sales & EBITDA Growth

Why It Matters

The acquisition expands Turu’s addressable market and revenue base, paving the way for larger institutional investment and future growth through strategic add‑ons.

Key Takeaways

• Turu to acquire Milky for £12 million, £6 m upfront
• Deal financed via debt, vendor note, and £3 million equity
• Milky’s EBITDA ~£3 million; combined entity targets £5 million EBITDAR
• Turu plans UK launch under Milky or Pulsen brand
• Acquisition aims to boost revenue to £25 million, attract investors

Summary

Turu plc announced it has signed a heads‑up agreement to acquire European e‑commerce appliance maker Milky, a home‑milk‑making machine business operating mainly in Europe.

The £12 million transaction will be funded with £6 million cash, a £3 million vendor loan and £3 million of newly issued equity, valuing Turu at £17 million pre‑money. Milky currently generates roughly £3 million EBITDA, and the combined group expects to lift revenue to about £25 million and EBITDAR near £5 million.

CEO Scott Livingston highlighted Milky’s healthy balance sheet, 70,000 units sold and a fast‑growing “free‑from” market. He said the acquisition will allow Turu to cross‑sell plant‑based ingredients and launch the Milky brand in the UK, potentially under the Pulsen label.

The deal positions Turu to exit the micro‑cap tier, broaden its product ecosystem and pursue a measured buy‑and‑build strategy, which could attract both retail and institutional capital.

Original Description

Tooru plc (AIM:TOO), the AIM listed company focused on the branded health and wellness sector, has agreed in principle to acquire European e-commerce plant-based home milk-making business Mylky B.V. ("Mylky") for £12 million.

The transaction should be completed within three months, and Tooru Chief executive Scott Livingston anticipates the deal will generate group revenues of £25 million and elevate Tooru from its exiting micro-cap status.

In this interview investors will learn:

• How the Mylky acquisition complements Tooru’s existing product portfolio

• What the addressable market is for Mylky’s ‘free-from, made-at-home’ market

• How Tooru’s existing channels will distribute Mylky products to the U.K. market.

• What steps remain before the acquisition of Mylky is finalised

• How the £12 million purchase will be satisfied

• Why the acquisition doesn’t constitute a reverse takeover

• Why the acquisition makes TOORU attractive to both retail and institutional investors

• When further acquisition could be announced

Scott Livingston, Chief Executive of Tooru Plc was interviewed by Sarah Lowther for focusIR