Lonza acquires nutritional ingredients manufacturer $300 mn

Lonza acquires nutritional ingredients manufacturer for $300 mn

7:05 AM, 16th August 2016
Lonza acquires nutritional ingredients manufacturer for $300 mn
Richard Ridinger, CEO of Lonza Group. (File photo)

BASEL, SWITZERLAND: Lonza Group has agreed to acquire InterHealth Nutraceuticals Inc (InterHealth), a leader in research, development, manufacture and marketing of value-added nutritional ingredients for use in dietary supplements, based in Benicia, US. InterHealth is a portfolio company of Kainos Capital.

Lonza will acquire InterHealth for a total transaction price of up to $300 million, representing a multiple of approximately ten times InterHealth’s EBITDA for the twelve months ended July 2016, split into an upfront payment and an earn-out payment. Closing is expected to take place in September 2016. The transaction is expected to be immediately accretive to Lonza’s earnings.

InterHealth offers more than 15 branded ingredients, including its cornerstone ingredient, UC-II, which is revolutionizing the joint health segment; and it complements Lonza’s existing nutritional portfolio in the area of sports nutrition, weight management, immune health and pet health. The acquisition will also expand Lonza’s offerings into new areas such as cognitive and diabetic health.

“With this acquisition, Lonza is taking a further step along our strategic path as a high-value supplier to the healthcare continuum. Lonza will leverage the successful product portfolio of InterHealth on a global level and in turn, will be able to benefit from InterHealth’s proven management and branding capabilities to promote Lonza’s existing product portfolio. We see significant positive synergies from this combination,” said Richard Ridinger, Lonza’s CEO.

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