Nellson Nutraceutical, a provider of nutraceutical branded and private-label products, has been acquired Kohlberg & Company.
Nellson Nutraceutical is a formulator of branded and private-label nutritional bar and functional powder products. The company develops and manufactures its products in a variety of ingredient formulations and product formats for its customer base of consumer packaged goods companies and retailers across the wellness, sports nutrition, weight control, athletic/energy, and medical nutrition end-markets. The company was founded in 1962 and is based in Irwindale, CA (www.nellsonllc.com).
“We are impressed with Nellson’s high-quality and diverse product offerings, supported by its robust research and development expertise and state-of-the-art manufacturing capabilities. We look forward to working closely with the company to support its continued growth and development,” said Seth Hollander, Partner of Kohlberg.
Kohlberg & Company invests in companies in the industrial manufacturing; consumer products; business services; healthcare services; and financial services sectors. The firm concentrates on transactions with EBITDAs between $20 million and $100 million where it can invest between $50 million and $200 million of equity. Kohlberg & Company is currently investing its seventh private equity fund, Kohlberg Investors VII. The firm was founded in 1987 and is based in Mt. Kisco, NY (www.kohlberg.com).
“Kohlberg & Company is an excellent fit for Nellson,” said Allan Lutz, CEO of Nellson. “This transaction will give Nellson access to capital and talent, and it positions the company to continue to thrive in the future. We look forward to working with Kohlberg to continue to provide our customers with innovative and best-in-class nutraceutical products.”
Houlihan Lokey acted as financial advisor to Nellson Nutraceutical.
© 2013 PEPD • Private Equity’s Leading News Magazine • 8-28-13
