3 Apr 2012

Ecoya completes Trilogy acquisition

6:17 am on 3 April 2012

Listed natural skin care and candle-maker Ecoya has paid the final $9.2 million instalment to the former owners of cosmetic company Trilogy.

Ecoya bought Trilogy for about $20 million in 2010, in an agreement that also included payments for meeting certain earnings targets.

Half of the final payment includes shares in Ecoya.

Trilogy founder Sarah Gibbs has been part of Ecoya's board since October last year, and is assisting with growth in new markets.