Shares of Tooru plc have risen 4.9% to 0.215p following the company's announcement of its agreement to acquire Mylky for £12 million. The market appears to be responding positively to the strategic expansion into the plant-based appliance sector, which is expected to enhance Tooru's growth prospects and shareholder value.
The acquisition, which involves a combination of cash, loan notes, and new shares, is seen as a significant step for Tooru as it seeks to bolster its position in the fast-growing e-commerce market for plant-based products across Europe.
Mylky is a D2C e-commerce seller of small plant‑based home milk machines and consumables across eight European markets (largest: Germany, France, Switzerland). Management expects unaudited 2025 revenue of €7.5m and EBITDA of €2.5m; last 12 months to 31 March 2026 are stated at c. €9.0m revenue and €3.1m EBITDA. The business reports over 70,000 customers and strong cash generation.
Tooru says the brand complements Juvela, OAF and Pulsin and opens UK and other market expansion and co‑branding opportunities. “The acquisition of this profitable business would both enhance and add scale to the Tooru group that will help its public journey in the short term and create value for our shareholders,” Scott Livingston, CEO.
Completion is conditional on satisfactory due diligence, financing, definitive documentation and shareholder approval; Tooru holds three months’ exclusivity.
