Columbia West Capital News - Industry Deal Intelligence
06.22.15 CWC Q1 2015 Health and Wellness M&A and Financing Report


This report is prepared as a courtesy to the Health and Wellness business community by Columbia West Capital based on our research and information collected by our firm. Despite our dedicated efforts, occasionally a deal might be missed or appropriate credit not given to legal or financial advisors. Please feel free to contact us if you have information on a transaction that you want to ensure is included and credit attributed to appropriate advisors.       

M&A - Strategic    

1/9/2015 Elite One Source Nutrisciences acquired Nutritional Laboratories International, Inc. The terms of the transaction were not disclosed. Elite One provides contract manufacturing services for nutritional and dietary supplements and is based in Chino, California. Nutritional Laboratories manufactures custom formulations for the dietary supplement and pharmaceutical industries and is based in Missoula, Montana.        

1/14/2015 Amway Corporation acquired XS Energy LLC. The terms of the transaction were not disclosed. Amway manufactures and sells nutrition, beauty, body and bath products and is based in Ada, Michigan. XS Energy produces sugar free energy drinks and is based in Santa Fe Springs, California.        

1/31/2015 The Hershey Company (NYSE:HSY) acquired Krave Pure Foods, Inc. The terms of the transaction were not disclosed. The Hershey Company manufactures, imports, markets, distributes, and sells confectionery products and is based in Hershey, Pennsylvania. Krave produces and sells all-natural, healthy jerky snacks and is based in Sonoma, California. Simpson Thacher & Bartlett LLP served as legal advisor to The Hershey Company. The Giannuzzi Group, LLP served as legal advisor to Krave.        

2/6/2015 Twinlab Consolidated Holdings, Inc. acquired Nutricap Labs, LLC for $12.0 million. Twinlab manufactures, markets, and distributes branded nutritional supplements and other natural products worldwide and is based in New York, New York. Nutricap Labs operates as a nutraceutical contract manufacturer and is based in Farmingdale, New York. Nutricap has been re-branded as NutraScience Labs (www.nutrasciencelabs.com). Goodwin Procter LLP served as legal advisor to Twinlab. Kramer Levin Naftalis & Frankel LLP served as legal advisor to Nutricap Labs.        

2/9/2015 Silver Star Brands Inc. acquired Certain Assets from Native Remedies Inc. The terms of the transaction were not disclosed. Silver Star Brands sells cards, gifts, household items, and food products online and via catalog and is based in Oshkosh, Wisconsin. Native Remedies, LLC manufactures homeopathic remedies and herbal supplements for customers worldwide and is based in Boca Raton, Florida.        

2/16/2015 Mondelez International, Inc. (NasdaqGS:MDLZ) acquired Enjoy Life Foods, LLC. The terms of the transaction were not disclosed. Mondelez, through its subsidiaries, manufactures and markets snack food and beverage products worldwide and is based in Deerfield, Illinois. Enjoy Life Foods engages in the production and supply of snacks that are free from allergens, such as wheat/gluten, dairy, peanuts, tree nuts, egg, soy, fish, casein, potato, sesame, sulfites, and shellfish worldwide and is based in Schiller Park, Illinois.        

2/20/2015 The Hain Celestial Group, Inc. (NasdaqGS:HAIN) acquired Belvedere International Inc. The terms of the transaction were not disclosed. The Hain Celestial Group, together with its subsidiaries, manufactures, markets, distributes, and sells organic and natural products and is based in Lake Success, New York. Belvedere manufactures and markets health and beauty care products for end consumers and retailers in North America and is based in Mississauga, Canada.        

2/28/2015 Project Juice LLC acquired Ritual Wellness, Inc. The terms of the transaction were not disclosed. Project Juice produces organic cold-pressed juices and juice cleanses and is based in San Francisco, California. Ritual Wellness produces and distributes organic juices and is based in Irvine, California.        

3/2/2015 SunOpta Grains and Foods Inc. acquired Citrusource, LLC for $13.3 million. SunOpta develops, produces, and supplies identity preserved, non-genetically modified, and organic grain-based ingredients for the food industry and is based in Hope, Minnesota. Citrusource distributes organic and conventional orange juice and citrus products and is based in Laguna Beach, California. Faegre Baker Daniels LLP served as legal advisor to SunOpta. Buchalter Nemer LLP served as legal advisor to the sellers.

3/2/2015 Research Products Company acquired Brandywine Ingredient Technology and Pan Glide LLC. The terms of the transaction were not disclosed. Research Products Company offers research services for the milling and baking industry and is based in Salina, Kansas. Brandywine Ingredient Technology develops and sells specialty technical ingredients for the baking industry and is based in Wilmington, Delaware. Pan Glide is a food production company based in Wilmington, Delaware.        

3/4/2015 The Hain Celestial Group, Inc. (NasdaqGS:HAIN) acquired remaining 81% stake in Empire Kosher Poultry, Inc. for $57.6 million. The Hain Celestial Group, together with its subsidiaries, manufactures, markets, distributes, and sells organic and natural products and is based in Lake Success, New York. Empire produces kosher poultry products and is based in Mifflintown, Pennsylvania.        

3/9/2015 Arthur Dogswell, L.L.C. acquired Natural American Pet Products LLC and Natural Life Pet Products, Inc. The terms of the transaction were not disclosed. Arthur Dogswell offers natural pet food products for dogs and cats and is based in Los Angeles, California. Natural American Pet Products produces chicken, beef, and duck pet treats and is based in Joplin, Missouri. Natural Life Pet Products produces food for pets with allergies and food intolerance and is based in Pittsburg, Kansas.        

3/13/2015 T. Marzetti Company, LLC acquired Flatout, Inc. from North Castle Partners, LLC and other shareholders for $92.0 million. T. Marzetti produces and supplies food products and is based in Columbus, Ohio. Flatout manufactures and sells healthy flatbreads and is based in Saline, Michigan. Porter Wright Morris & Arthur LLP served as legal advisor to T. Marzetti. Morrison Cohen LLP and Jaffe Raitt Heuer & Weiss, P.C. served as legal advisors to Flatout and the sellers.        

3/16/2015 Jeunesse Global, LLC acquired MonaVie LLC. The terms of the transaction were not disclosed. Jeunesse provides anti-aging nutritional and skin care products for men and women and is based in Altamonte Springs, Florida. MonaVie manufactures and sells nutritional products in the United States and internationally and is based in South Jordan, Utah.        

3/20/2015 Juice Tyme, Inc. acquired Lemon-X, Corp. The terms of the transaction were not disclosed. Juice Tyme manufactures and sells juice and beverage concentrates for the foodservice industry in the United States and is based in Chicago, Illinois. Lemon-X produces and supplies a variety of beverages including healthcare beverages for hydration and mineral replacement needs, blended juices, fruit portion supplements, energy drinks, and flavored waters and is based in Huntington, New York.      

M&A - Financial    

3/27/2015 Wind Point Partners acquired Gehl Foods, Inc. The terms of the transaction were not disclosed. Wind Point Partners is a private equity and venture capital firm based in Chicago, Illinois. Gehl Foods produces a wide variety of dairy products including diet/nutritional shakes and is based in Germantown, Wisconsin. Foley & Lardner LLP served as legal advisor to Gehl Foods.      

Private Placements    

1/5/2015 Sun Orchard, Inc. received funding from new investor, Centre Partners Management LLC. The terms of the transaction were not disclosed. Sun Orchard produces and distributes fresh fruit juices to foodservice businesses in North America and is based in Tempe, Arizona.        

1/12/2015 Elite One Source Nutrisciences received funding from new investor, Ironwood Capital. The terms of the transaction were not disclosed. Elite One provides contract manufacturing services for nutritional and dietary supplements and is based in Chino, California.        

1/14/2015 Soylent Corporation received $20.0 million in funding led by existing investor Andreessen Horowitz LLC. Soylent produces food replacement products and is based in Los Angeles, California.        

1/26/2015 Aloha, Inc. received funding from a new investor, Corigin Private Equity Group. The terms of the transaction were not disclosed. Aloha manufactures nutritional supplements and is based in New York, New York.        

1/26/2015 Brad's Raw Foods, LLC received a round of funding from new investor, Corigin Private Equity Group. Brad's Raw Foods produces and sells healthy snack food products and is based in Pipersville, Pennsylvania.        

2/24/2015 Wholesome Valley Foods received a round of funding. The terms of the transaction were not disclosed. Wholesome Valley Foods produces and markets organic chewy banana bites and is based in Santa Monica, California.        

3/4/2015 Kate Farms, Inc. received a round of funding. The terms of the transaction were not disclosed. Kate Farms engages in the production of vegan foods and drinks and is based in Santa Barbara, California.