Entrepreneur Craig Silbery is returning to the scene of his first fortune, buying a Queensland probiotics business after serving out the five-year non-compete clause attached to the $690 million payday that came when a Chinese group bought his company, Life-Space.
Mr Silbery said he aims to build his new entity Specialty Probiotics Australia into a business bigger than Life-Space over the next five years.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
