Business
TechCare and Natur Holdings Agree to Merge, Creating a High-Tech Healthcare and Wellness Consumer Products Leader
TechCare and Natur Holdings Agree to Merge, Creating a High-Tech Healthcare and Wellness Consumer Products Leader.
About this update from Citrine Global Corp.
[{"type":"text","content":"\n\n\n\nTechCare and Natur Holdings Agree to Merge, Creating a High-Tech Healthcare and Wellness Consumer Products Leader\n\n\n\n\n\nTechCare and Natur Holdings Agree to Merge, Creating a High-Tech Healthcare and Wellness Consumer Products Leader\nCombination Capitalizes on the Strengths of Each, Expanding Addressable Markets and Reaching a Broader Base of Global Consumers;\nPR Newswire\nROSH HA'AIN, Israel, August 28, 2017\n\n\n\nROSH HA'AIN, Israel, August 28, 2017 /PRNewswire/ --\n\nTechCare Corp. (OTCQB: TECR) (\"TechCare\"), a technology company with a revolutionary delivery platform that uses vapor technology for natural health and beauty treatments, and Natur Holdings B.V. (\"Natur\"), Europe's first high-tech, health company revolutionizing natural juices and snacks consumption, today announced the signing of a Memorandum of Understanding (MOU) to combine the operations of the two companies in an all-stock transaction to create a high-tech healthcare, wellness, healthy food and beauty consumer products leader.\n\nThe transaction brings together two proven innovators in the health and beauty industries, combining the state-of-the art delivery platform and patented medical devices of TechCare with the 100% natural juice and snack products and robust sales and marketing strength of Natur to create a dynamic consumer products company focused on health, wellness and beauty from both the inside and the outside. The combined company will offer the complete product portfolio as currently branded, reaching consumers around the world.\n\n\"This compelling combination brings together two innovators with complementary products to construct a more holistic consumer products portfolio with global reach,\" stated Shlomi Arbel, who will serve as TechCare's Chief Executive Officer. \"Together, we have the opportunity to leverage innovative technology platforms to expand the selling opportunities within our disparate customer bases. By leveraging our innovative delivery platform and Natur's highly successful sales and marketing channels, we will be able to offer a broader range of health, wellness and beauty products to consumers who are increasingly looking for products that support a healthy lifestyle. \"The management teams of both businesses saw an immediate fit at the strategic, financial and operational levels of the two businesses....