In Utah, HGGC, LLC, a middle-market private equity firm, entered into a definitive agreement to acquire Nutraceutical International Corporation, an integrated manufacturer, marketer, distributor and retailer of branded nutritional supplements and other natural products. The approximately $446 million transaction, including debt to be refinanced, is expected to close in the second half of 2017.
Rich Lawson, co-founder and CEO of HGGC, said, “We congratulate the management team and employees of Nutraceutical for building an industry-leading nutritional supplement business, and we look forward to working with the Nutraceutical team to continue to pursue growth opportunities globally.”
“We are pleased to announce this transaction, which delivers significant value to our stockholders, many of whom have been with us since our initial IPO in 1998,” said Bill Gay, Chairman and CEO of Nutraceutical. “HGGC’s expertise in formulating strategic growth plans for middle-market companies will be a great platform for the future of Nutraceutical.”