Stauber plots expansion after buy-out
ICV’s undisclosed purchase of Stauber from JH Whitney & Co will leave chief executive officer Dan Stauber with a, “meaningful ownership interest in the company.”
"By focusing on customer satisfaction and innovation, combined with our value-added services such as sourcing, quality control, formulation and turnkey solutions, we have built a strong company with longstanding relationships with our partners,” Stauber said.
“We are now pleased to be working with ICV Partners, and all of our customers and business partners should welcome this new opportunity to expand our capabilities with the management team they know well."
Stauber supplies minerals, herbs, fruits, vegetables, nutrients, vitamins and amino acids to the food and healthy food, pharmaceutical and cosmetics industries. It also provides turnkey product development solutions and outsourced supply chain management.
Nutraceutical space
Ira Moreland, the managing director of ICV, said: "We have been evaluating the nutraceutical space for some time and found that Stauber's long history and excellent track record make it a very compelling investment. The company offers a wide breadth of products, the ability to source exclusive ingredients, and is recognized for outstanding customer service. We believe we can assist in Stauber's future growth by helping to further grow its customer base, expand its product portfolio, and identify new acquisitions that can position it into adjacent markets."
Stauber clients include Tomita, Konoshima, FMC, DSM, Brewster, General Chemical, HeSego, VisVitalis and Jungbunzlauer.
ICV Partners has about $440 million in capital under management, and has invested more than $235 million in 19 companies including Entertainment Cruises and resort retailer, the Marshall Retail Group.
