Energy bar makers join forces
of Canadian firm Bariatrix Products, boosting its share in the
functional bars and powders market.
Nellson Nutraceutical said today it has completed the acquisition of Canadian firm Bariatrix Products, boosting its share in the functional bars and powders market.
Bariatrix manufactures functional bars at a 260,000 square-foot facility in Montreal. Nellson has also recently bought functional powder business Cornerstone Nutritional Labs, bringing its manufacturing facilities up to five across the US and Canada.
Founding members of Bariatrix, including CEO Tom Egger, helped finance the acquisition with a combination of senior debt and significant rollover equity coming from Tom Egger, CEO of Bariatrix. Egger will join the Nellson board of directors.
Nellson is majority-owned by Fremont Partners, a San Francisco-based private equity firm.