Chicago, IL—Investment bank and financial advisory firm Brown Gibbons Lang & Company (BGL) announced the sale of Starwest Botanicals to Incline Equity Partners. Prior to the acquisition, Starwest was one of the largest independently owned, vertically integrated, value-add processors and suppliers of organic botanicals, herbs, and spices in the U.S.,...
Denver, CO—Ardent Mills announced the completion of its acquisition of substantially all of the assets of chickpea producer Hinrichs Trading Company (HTC). The deal builds on Ardent Mills’ existing specialty ingredient capabilities and grower connections, according to a press release, and helps customers bring innovative products to market to meet growing...
Lille, France—Gnosis by Lesaffre announced its acquisition of NattoPharma, supplier of MenaQ7 solutions. According to a press release, the acquisition allows Gnosis by Lesaffre, which supplies vitaMK7, to offer to a complete portfolio of vitamin K2 solutions, adapted to each market need and to satisfy all customers. NattoPharma will join...
Hershey, PA—The Hershey Company has entered into a definitive agreement to acquire Lily’s the low-sugar confectionary brand, according to a press release. Products include low-sugar dark and milk chocolate bars, baking chips, peanut butter cups, and more. The press release states that Lily’s will “add a key better-for-you confection brand...
Switzerland—Nestlé Health Science will acquire functional hydration brand Nuun, according to a press release. Nuun offers a range of clean label, low-sugar, effervescent tablets and powders. The products are intended to separate electrolyte replacement from carbohydrates. “Everyday, health-conscious consumers are becoming more aware of how functional hydration products can add to...
Chicago, IL—Tilia Holdings, a private investment firm focused on the food and nutrition supply chain, has completed its investment in NutriScience Innovations, according to a press release. Eric Larson, Co-CEO of Tilia who will serve as Chairman of the Board, said in the release: “We are delighted by the opportunity...
Switzerland—In a move that makes it a global leader in vitamins, minerals, and nutritional supplements, Nestle has entered into an agreement with KKR to acquire core brands of The Bountiful Company for USD $5.75 billion. Nature's Bounty, Solgar, Osteo Bi-Flex, Puritan’s Pride, and Bountiful's U.S. private label business will be...
Singapore—Olam Food Ingredients (OFI) is acquiring Olde Thompson, a U.S. private label spices and seasonings manufacturer, at an enterprise value of $950 million, according to a press release. The acquisition reinforces OFI’s growth strategy of being a global leader in providing sustainable, natural, value-added food and beverage ingredients and solutions,...
Switzerland—Nestle has confirmed that it is in talks to buy The Bountiful Company, whic offers a portfolio of brands Nature’s Bounty, Osteo Bi-Flex, Puritan’s Pride, and Solgar. Reuters states that the company is looking to move further into the health and nutrition sector, which is growing faster than its traditional...
Englewood Cliffs, NJ—Unilever has signed an agreement to acquire Onnit, a Texas-based holistic wellness and lifestyle company, according to a press release. Onnit offers supplements that provide improved cognitive function, mood and relaxation, gut health and immunity support, as well as functional nutrition, fitness essentials, and a digital content platform.
