Zinzino announced it has acquired the rights to Valentus Global’s distributor database and associated customer records, inventory and IP rights via an asset purchase. Though based in Delaware, much of Valentus’ operations and sales take place within European markets, and Zinzino expects the acquisition will bolster its distribution power across the region.
Zinzino announced the launch of operations in New Zealand. The company described the move as the “strategic next step” in its plan to expand its customer base on an international scale, and pointed to its key location in Oceania as an important hub.
Group revenue grew by 34% in Q4, with total revenue for full year 2024 increasing by 25% year-over-year.
After its declared intent to acquire 100% of Zurvita’s shares earlier this year, Zinzino negotiated a purchase of Zurvita’s assets through a Chapter 11 proceeding.
Zinzino announced its accumulated revenue results for January – November 2024. Overall, Zinzino’s group revenue reached $23 million, an increase of 26% when compared to 2023.
Zinzino announced operational expansion into the Canary Islands. The Canary Island’s location makes it an important hub for banking, trade and transportation and represents a strategic next step for Zinzino as it expands its customer base on an international scale.
Zinzino announced its financial results for the third quarter of 2024. Revenue for the quarter grew 22% to $48 million. Gross profit was $16 million with a gross profit margin of 33.6%. EBITDA was $5.7 million with an EBITDA margin of 11.8%.
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Zinzino announced its financial results for the second quarter of 2024, reporting $49 million in revenue, a 24% increase compared to the same period of 2023. EBITDA during the quarter increased to $0.58 million with an EBITDA margin of 12.4%.
Zinzino announced its acquisition of 49% of the shares and votes in Cleanthi Alpha-Olenic LTD, a Cypriot producer of olive oil. Cleanthi’s certified Koreneiki olives grown in orchards that are free of artificial fertilizer and pesticides are manufactured through a patented process of pressing olives.
Zinzino announced today that it has signed a letter of intent with the shareholders of Zurvita Inc. to acquire 100% of its shares in the company. Zinzino expects the acquisition to increase its distribution power in North America by gaining access to Zurvita’s distribution network in the US, Canada and Mexico.
Zinzino announced its expansion into Serbia this week as part of the company’s broader plan to grow its international customer base, with the Balkan region and Southeastern Europe representing its strategic next step.