Jamieson Laboratories Ltd has acquired Body Plus, a Toronto maker and marketer of natural health and sports nutrition supplements across Canada. No financial terms were disclosed. Jamieson, a Windsor, Ontario-based vitamins maker, said the deal strengthens its product portfolio and expands its reach into sports nutrition and specialty retail channels. Jamieson has since 2014 been a portfolio company of U.S. private equity firm CCMP Capital Advisors. Last May, Reuters reported CCMP was planning to sell the business for between US$600 million and US$700 million.
Jamieson Laboratories Acquires Body Plus
Strategic Purchase Further Strengthens Jamieson’s Product Portfolio
February 03, 2017
TORONTO–(BUSINESS WIRE)–Jamieson Laboratories (“Jamieson”), Canada’s number one manufacturer and marketer of branded vitamins, minerals and supplements, today announced it has acquired Body Plus, a leading manufacturer and marketer of innovative natural health and sports nutrition supplements in Canada.
Body Plus is well known for Progressive nutritional therapies, Precision sports supplements and the Iron Vegan brands. The company has long-standing relationships with over 2,000 Canadian retail locations and employs more than 140 people across Canada, with manufacturing based in Toronto and a distribution centre in Burnaby, B.C. The company also includes Sonoma Nutraceuticals, a well-established manufacturer of private label supplements.
“The acquisition of Body Plus will further accelerate Jamieson’s already-strong growth by expanding our reach into the fast-growing sports nutrition and specialty retail channels,” said Mark Hornick, President and CEO of Jamieson. “We admire Body Plus’ market leadership in its categories, and are committing our global expertise and resources to further elevate its operational excellence and growth.”
Body Plus will continue to operate independently with support from the Jamieson team to accelerate growth in Canada and globally.
“Attracting an iconic Canadian company of Jamieson’s stature is a testament to the innovation of Body Plus’ products, brands and team,” said Norm Danniels, President and Founder of Body Plus. “Through this acquisition, Body Plus will have the resources it needs to grow and meet the needs of its rapidly expanding consumer base.”
Houlihan Lokey, Andrew Durnford of White Point Capital and Bank of Montreal acted as financial advisors on this transaction.
About Jamieson Laboratories
Established in 1922, Jamieson Laboratories is Canada’s number one manufacturer and marketer of vitamin, mineral and natural health supplements. The company also owns Nutricorp, an industry-leading private label manufacturer, and leading women’s natural health brand Lorna Vanderhaeghe Health Solutions. Jamieson branded products are made at the company’s state-of-the-art facilities in Windsor, Ontario. With corporate offices in Toronto, Jamieson exports to more than 30 countries. For more information visit Jamiesonvitamins.com.
Ruth Winker, 416-705-5437
Senior Communications Manager
Photo courtest of Reuters/David Gray