Home fragrance company Ecoya Ltd placed a trading halt to facilitate a bookbuild for ordinary share placement.The halt comes after the company announced last week it is buying skincare products company Trilogy Natural Products Ltd.Trilogy was founded by s
Home fragrance company Ecoya Ltd placed a trading halt to facilitate a bookbuild for ordinary share placement.
The halt comes after the company announced last week it is buying skincare products company Trilogy Natural Products Ltd.
Trilogy was founded by sisters Sarah Gibbs and Catherine de Groot in 2002 in Wellington.
Ecoya executive chairman Geoff Ross had said the addition of a brand of skincare products to Ecoya's range of home fragrance and body and bath products was a natural progression for the company and one it has been considering since inception.
Trilogy was profitable and in December 2009 calendar year generated revenues of $9.3 million.
Its shares last traded at 80.
