Breaking News on Supplements & Nutrition - North AmericaEU edition

News > Suppliers

Bio-One readies for acquisitions acceleration

25-Jun-2003

Florida-based Bio-One Corporation has renewed its agreement with industry mergers and acquisitions advisor Health Business Partners to assist with its planned acquisition of nutritional supplement companies.

Bio-One said it is currently in the final stage of negotiating the terms and conditions of acquisitions worth revenues of around $40 million with EBITDA of approximately $4 million. The company is expecting to complete the purchases with a combination of equity and debt financing, which it says has been committed by credible sources.

 

Bio-One also hinted at a number of transactions during the coming months, likely to be both manufacturers and marketers of nutritional supplements with revenues in excess of $3 million.

 

Commenting on market opportunities, Roy Bingham, managing director of Health Business Partners , said: "In the nutritional supplement industry there is a remarkable opportunity to execute a number of transactions to build a large and highly profitable consumer health care company."

 

He added that his firm "recognized a management team and strategy at Bio-One that was ideally suited for the market's current circumstances and we are delighted to collaborate with them in this endeavor."

 

Bio-One Corporation currently describes itself as an emerging growth company that is embarking on building a significant business in the nutritional supplements industry via vertical integration acquisitions and marketing consolidation.

 

Key Industry Events

 

Access all events listing

Our events, Events from partners...