Columbia West Capital News
01.08.09 CWC Completes Sale of Nutri-Health Supplements, LLC to Atrium Innovations Inc.


January 8, 2009 -
Columbia West Capital is pleased to announce the sale of Nutri-Health Supplements, LLC ("NHS") to Atrium Innovations Inc. (TSX: ATB). NHS is a fast-growing probiotics and health supplements company located in Cottonwood, Arizona. Columbia West Capital served as the exclusive financial advisor to NHS.

Atrium has acquired NHS for a consideration of $23.9 million paid in cash at the closing, plus two significant earn-out payments based on 2009 and 2010 EBITDA growth.

NHS owns the proprietary Multi-Probiotic® blend which includes 16 powerful probiotic strains that are matrix encapsulated to survive stomach acid and deliver a high concentration of active cell cultures per capsule. The company's brand umbrella includes the Nutri-Health®, Sedona Labs®, Meta Foods®, and Sedona Labs Pro® brands which cater to the Direct-to-Consumer (DTC), Health Food Store and Health Care Practitioner markets.

Under the leadership of CEO Fred Auzenne and President Tracy Olson King, NHS has experienced impressive growth and achieved approximately US$28 million in sales for 2008. Tracy King will continue to serve as the General Manager of NHS as it grows to the next level.

"The Columbia West Capital team was instrumental in negotiating the deal, managing the due diligence process and closing the deal between Atrium and Nutri-Health. Their experience and expertise was critical in helping create a win-win outcome for Nutri-Health stakeholders, including investors, managers, employees, and the new parent company," said Tracy King.