Encore Consumer Capital has completed the sale of The Isopure Company, a marketer of sports nutrition products, to Glanbia for $153 million. Encore began marketing Isopure in July 2014.
“Isopure’s founder Hal Katz decided to bring on a strategic and financial partner in 2007, and Encore was well positioned to help the company grow. We could not be more proud of what the team has accomplished in building the premier brand in protein-based sports nutrition,” said Robert Brown, managing director of Encore Consumer Capital.
The Isopure Company is a marketer of ready-to-drink beverages and protein powders formulated with whey protein isolates, as well as other sports nutrition products. The company is based in Hauppauge, NY (www.TheIsopureCompany.com). Isopure will continue to be led by President Chris Hickey as part of Glanbia Performance Nutrition.
“Encore provided strategic guidance and unwavering confidence in our team to execute our vision,” said Hal Katz, Founder and now-retired CEO of Isopure. “Over thirty years we built a high-performance culture and special brand based on quality and authenticity. We are delighted to see those things valued by a company as highly regarded as Glanbia.”
Glanbia is a performance nutrition and ingredients company with market positions in sports nutrition, cheese, specialty dairy and non-dairy ingredients and micronutrient premixes. Glanbia employs over 5,000 people in 32 countries and is headquartered in Kilkenny, Ireland (www.glanbia.com).
Sawaya Segalas & Co. (www.sawayasegalas.com), a consumer-focused investment banking firm, provided strategic and financial advisory services to Isopure on this transaction.
Encore Consumer Capital invests exclusively in consumer products companies that have revenues between $10 million and $100 million and where it can utilize its own consumer experience and the expertise of its operating partners at Encore Associates, a strategic advisory firm to the consumer products industry. The firm has raised nearly $400 million in equity capital and invested in 17 companies.
Encore’s current and prior investments include, among others, food and beverage companies such as Aidells Sausage Company, Ancient Harvest, Brownie Brittle, California Splendor, Isopure, JuiceTyme, and Mesa Foods; personal care products companies Butter LONDON, MyChelle Dermaceuticals, and Tarte Cosmetics; and pet products companies ThunderWorks, and Zuke’s.
Encore Consumer Capital was founded in 2005 and is headquartered in San Francisco (www.encoreconsumercapital.com).
2014 PEPD • Private Equity’s Leading News Magazine • 10-16-14
