Twin Lakes, WI—Lotus Brands, Inc. has acquired the Nourish Organic brand of personal care products for face and body, according to a press release. Lotus Brands is a brand management company that focuses on unique, high-quality brands with a mission. Lotus Brands currently owns Beauty Without Cruelty, Eco-Dent Premium Oral...
Chicago, IL—SPINS announced the acquisition of product intelligence platform Pinto, a move that SPINS says strengthens its position as the leader in Product Intelligence. SPINS Product Intelligence Platform spans the entire health and wellness supply chain with deep integrations that enable collaboration between brands and retailers to transform merchandising, eCommerce,...
New York, NY—IFF announced that it has entered into an agreement to acquire Health Wright Products, LLC (HWP). The acquisition will bring formulation and finished format capabilities to IFF’s Health & Biosciences probiotics, natural extracts and botanicals businesses, according to a press release, allowing for innovation in custom formulation and...
Vevey, Switzerland—Nestlé Health Science has agreed to purchase a majority stake in Orgain from Founder Dr. Andrew Abraham and Butterfly Equity, who will continue to be minority share owners. Dr. Abraham will continue on as CEO. "Nutritional protein plays a key role in supporting our health and wellness, whether we...
Chicago, IL, and Vancouver, BC—The Planting Hope Company has acquired RightRice from Betterer Foods in an all-cash $7m transaction, according to a press release. RightRice is a shelf-stable product composed of 90% vegetables, including lentils, chickpeas, green peas, and rice, offering 10g of complete protein and 5g fiber per serving.
Chicago, IL—Consumers prioritizing wellness in COVID times explore retail channels to discover and learn about products that meet their needs. And as SPINS points out, consumer shifts have left data blind spots for brands and retailers. Thanks to a new partnership, SPINS says it is able to access the broadest...
Carthage, MO—Maxim Partners has assumed majority ownership of Stratum Nutrition. Maxim Partners, a Chicago-based private equity firm, has acquired 100% of the shares previously owned by Novus Nutrition Brands. It will operate in partnership with ESM Holdings, LLC, which owns the remaining shares. Micah Osborne, CEO at Stratum Nutrition, said,...
Chicago, IL—ADM has acquired Flavor Infusion International, S.A. (FISA), a full-range provider of flavor and specialty ingredient solutions for customers across Latin America and the Caribbean, according to a press release. “We’re excited to open up new growth opportunities in Latin America and the Caribbean with the addition of FISA,”...
Lake Success, NY—Hain Celestial has completed its acquisition of That’s How We Roll, producers of ParmCrisps and Thinsters. The total purchase price was approximately $259m in cash, subject to adjustment for working capital, according to a press release. That’s How We Roll was acquired from Clearlake Capital Group. “ParmCrisps and...
Lake Success, NY—Following several strong quarters, Hain Celestial is now looking to solidify the position it holds. The company is acquiring ParmCrisps and Thinsters, two fast-growing brands offering convenient snack products, from Clearlake Capital Group. The acquisition deepens Hain’s position in the snacking category “and represents a significant step in...
