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Biocare for AIM
Biocare Solutions, the developer and manufacturer of environmentally friendly household cleaning products, is seeking to raise £6.25 million ahead of an expected AIM float later this month.
With its products – including washing-up liquids, bathroom cleaners and degreasers – already attracting a strong retail following in Italy (and to a lesser extent Malaysia and the UK) the company recently confirmed that the Co-op has agreed to stock several of its offerings.
The current fundraising, which is being overseen by KBC Peel Hunt, should enable Biocare to build further profile in its target markets and to enhance awareness of a newly developed range of industrial offerings, aimed at the fish-farming and agricultural sectors.
Trading in the shares is due to begin on or around 18 September.
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