Columbia West Capital News - Industry Deal Intelligence
09.02.16 CWC Q2 2016 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

4/13/2016 US Foods, Inc. acquired Food Genius, Inc. The terms of the transaction were not disclosed. US Foods is a regional producer of snack foods and baked goods and is based in Rosemont, IL. Food Genius, a technology company, provides data and restaurant menu analysis services to the food industry and is based in Chicago, IL.    

4/19/2016 McCormick & Company, Incorporated (NYSE:MKC) acquired Botanical Food Company Pty Ltd. for $117.1 million. McCormick manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry and is based in Sparks, MD. Botanical Food produces and processes herbs and spices for homes, restaurants, retailers, and manufacturers and is based in Palmwoods, Australia. Jones Day served as legal advisor to McCormick.    

4/22/2016 Alltech, Inc. acquired Richard Keenan & Co. Ltd. The terms of the transaction were not disclosed. Alltech, a biotechnology company, develops and manufactures natural feed supplements that improve animal performance and is based in Nicholasville, KY. Richard Keenan & Co. manufactures mixer wagons and is based in Borris, Ireland.

4/25/2016 The Hershey Company (NYSE:HSY) acquired Ripple Brand Collective, LLC. The terms of the transaction were not disclosed. Hershey manufactures, imports, markets, distributes, and sells confectionery products and is based in Hershey, PA. Ripple Brand produces chocolates under the brand name of barkTHINS and is based in Congers, NY. Weil, Gotshal & Manges LLP and Much, Shelist, Freed, Denenberg Ament & Rubenstein, P.C. served as legal advisors to Ripple.    

4/28/2016 Nutraceutical International Corporation (NasdaqGS:NUTR) announced that it acquired assets of Aubrey Organics, Inc. for $7.2 million in cash. Nutraceutical International manufactures, markets, distributes, and retails branded nutritional supplements and other natural products and is located in Park City, UT. Aubrey Organics manufactures personal care and lifestyle products and is based in Tampa, FL.    

4/29/2016 Amplify Snack Brands, Inc. (NYSE:BETR) acquired Boundless Nutrition, LLC for $30.8 million. Amplify Snack Brands, together with its subsidiaries, develops, markets, and distributes healthy snacking products and is based in Austin, TX. Boundless Nutrition produces nutritional snack bars and cookies and is based in Austin, TX.    

5/2/2016 The Clorox Company (NYSE:CLX) acquired ReNew Life Formulas, Inc. for $290.0 million in cash. The Clorox Company manufactures and markets consumer and professional products worldwide and is headquartered in Oakland, CA. ReNew Life Formulas produces and sells digestive health products, probiotic supplements, herbal cleansing products, digestive enzymes, oil supplements, fiber supplements, specialty supplements, and functional foods and is based in Palm Harbor, FL.    

5/16/2016 Flavor Producers, Inc. acquired BioZone Laboratories, Inc. from Muscle Pharm Corp. (OTCPK:MSLP) for $9.8 million. Flavor Producers produces and distributes flavoring products and is based in Valencia, CA. BioZone Laboratories is a contract manufacturing company that formulates, develops, and manufactures health, beauty, and over-the-counter drug products for cosmetic and pharmaceutical industries and is based in Pittsburgh, CA. MusclePharm develops, manufactures, markets, and distributes branded nutritional supplements and is based in Denver, CO. Rappaport Law Corporation served as legal advisor to Flavor Producers. Kasowitz, Benson, Torres & Friedman LLP served as legal advisor to MusclePharm.    

5/23/2016 Ocean Premier Seafood Inc. acquired Toppits Foods Ltd. The terms of the transaction were not disclosed. Ocean Premier Seafood engages in sourcing, processing, and shipping of seafood products and is based in Manchester, NH. Toppits Foods imports and supplies frozen foods to the foodservice, retail, and manufacturing industries and is based in Vaughan, Canada.

5/24/2016 Ascendis Health Limited (JSE:ASC) agreed to acquire Scitec International S.a.r.l. for $189.7 million. Ascendis Health manufactures and distributes plant, animal and human health and care products and is based in Johannesburg, South Africa. Scitec manufactures and offers sports nutrition products targeted at functional fitness, strength training, and well-being and is based in Luxembourg. Allen & Overy LLP and Cliffe Dekker Hofmeyr are serving as legal advisors to Ascendis. Wolf Theiss is serving as legal advisor to Scitec.                 

5/26/2016 Hormel Foods Corporation (NYSE:HRL) acquired Justin's, LLC for $286.0 million. Hormel Foods produces and markets various meat and food products and is based in Austin, MN. Justin's manufactures and sells nut butters and is based in Boulder, CO.    

5/27/2016 Country Pure Foods, Inc. acquired The Ridgefield's Brand Corporation for $13.8 million. Country Pure Foods produces, processes, and distributes juice products and other beverages and is based in Akron, OH. Ridgefield's produces fruit juice products and is based in Montgomery Village, MD.    

6/6/2016 Alltech, Inc. acquired Coppens International B.V. The terms of the transaction were not disclosed. Alltech, a biotechnology company, develops and manufactures natural feed supplements that improve animal performance and is based in Nicholasville, KY. Coppens develops, produces, and sells fish feed for industrial and hobby fish farming and is based in Helmond, the Netherlands. CMS Hasche Sigle served as legal advisor to Alltech.

6/16/2016 Kashi Company acquired Pure of Holland, LLC. The terms of the transaction were not disclosed. Kashi Company produces and markets whole grain products and is based in La Jolla, CA. Pure of Holland produces and supplies healthy snack foods including fruit and nut bars, ancient grains bars, fruit sandwiches, and fruit and veggie strips and is based in Salona Beach, CA.

6/20/2016 IVC Industries, Inc. entered into a definitive agreement to acquire the U.S. Vitamins, Minerals & Supplements Business from Perrigo Company plc (NYSE:PRGO). The terms of the transaction were not disclosed. IVC Industries, doing business as Inverness Medical Nutritionals Group, offers nutritional, prescription, and OTC products for contract customers worldwide and is based in Freehold, NJ. Perrigo, together with its subsidiaries, develops, manufactures, markets, and distributes over-the-counter (OTC) consumer goods and pharmaceutical products worldwide and is based in Dublin, Ireland. O'Melveny & Myers LLP is serving as legal advisor to IVC Industries. Warner Norcross & Judd LLP is serving as legal advisor to Perrigo.

6/30/2016 American Brewing Company, Inc. (OTCBB:ABRW) acquired substantially all of the operating assets of New Age Beverages, LLC, New Age Properties, LLC, Aspen Pure, LLC and Xing Beverage, LLC for $19.9 million. American Brewing is a craft beer micro-brewery and organic kombucha tea company based in Edmonds, WA. New Age Beverages Corporation operates as a healthy functional beverage company offering ready to drink tea, kombucha, energy drinks, and functional waters under XingTea, Búcha Live Kombucha, XingEnergy, and Aspen Pure brand names and is based in Torrance, CA. Bart and Associates, LLC served as legal advisor to American Brewing. Haynes and Boone, LLP served as legal advisor to New Age Beverages, New Age Properties, Aspen Pure, and Xing Beverage.  

M&A - Financial

6/17/2016 Keystone Capital, Inc. acquired a majority stake in Nature Soy, Inc. The terms of the transaction were not disclosed. Keystone Capital is a private equity firm based in Chicago, IL. Nature Soy produces and supplies soy and vegetarian products to grocery stores, supermarkets, and natural food stores and is based in Philadelphia, PA. Honigman Miller Schwartz and Cohn LLP served as legal advisor to Keystone Capital.  

Private Placements

4/4/2016 BA Sports Nutrition, LLC announced that it has entered into agreement for equity funding of $6.0 million with returning investor Dr Pepper Snapple Group, Inc. BA Sports Nutrition produces and sells sports drinks and is based in Beverly Hills, CA. Dr Pepper Snapple Group operates as a brand owner, manufacturer, and distributor of non-alcoholic beverages in the United States, Mexico, and Canada and is based in Plano, TX.

4/11/2016 Cambrooke Foods, Inc. announced that it has received a Series C round of funding from new investor Health for Life Capital, a fund managed by Seventure Partners, and existing investor Galen Partners. The terms of the transaction were not disclosed. Cambrooke Foods provides dietary food products for inborn errors of metabolism and is based in Ayer, MA. Seventure Capital is a private equity firm based in Paris, France. Galen Partners is a private equity firm based in Stamford, CT.

4/25/16 Exo, Inc. received a round of funding from new investor Field Management Capital. The terms of the transaction were not disclosed. Exo produces protein bars made of cricket powder and is based in Brooklyn, NY. Field Management Capital is a venture capital firm based in Tokyo, Japan.

4/28/2016 Hi-Tech Pharmaceuticals, Inc. acquired a minority stake in Gaspari Nutrition Inc. The terms of the transaction were not disclosed. Hi-Tech Pharmaceuticals develops, manufactures, and sells herbal nutraceutical products and is based in Norcross, GA. Gaspari Nutrition produces sports nutrition and supplement and is based in Lakewood, NJ.

5/5/2016 Kemin Health, L.C. announced that it will receive $50.0 million in convertible debt funding. Kemin Health provides ingredients for supplement manufacturers and is based in Des Moines, IA.

5/11/2016 Sprout Foods, Inc. acquired a minority stake in CROSSMARK, Inc. The terms of the transaction were not disclosed. Sprout Foods offers packaged organic baby food and is based in Duluth, GA. CROSSMARK provides sales and marketing services to consumer goods and services industries in the United States and internationally and is based in Plano, TX.

6/22/2016 Ripple Foods, PBC announced that it will receive $30.0 million in a round of funding from Khosla Ventures, Eagle Cliff Partners, LLC, S2G Ventures, and other investors. Ripple Foods produces plant-based milk and is headquartered in Emeryville, CA. Khosla Ventures is a private equity and venture capital firm based in Menlo Park, CA. Eagle Cliff Partners is a venture capital firm based in San Francisco, CA. S2G Ventures is a venture capital firm based in Chicago, IL.

6/22/2016 L.A. Aloe LLC announced that it has received funding from new investor, The Coca-Cola Company (NYSE:KO). The terms of the transaction were not disclosed. L.A. Aloe manufactures and markets organic aloe vera water and is based in Sierra Madre, CA. The Coca-Cola Company manufactures and distributes various nonalcoholic beverages worldwide and is based in Atlanta, GA.

6/30/2016 Impossible Foods, Inc. announced that it has received $16.5 million in loan funding from new lender Trinity Capital Investment, LLC. Impossible Foods develops meats and cheeses from plants and is based in Redwood City, CA. Trinity Capital is a private equity and venture capital firm based in Chandler, AZ.