Jamieson Labs Buys Two Companies

0

By Robert Tuomi

(WINDSOR, ON) – Jamieson Laboratories, a company with its manufacturing arm in Windsor, has acquired Toronto-based Body Plus, a maker of natural health and sports nutrition supplements. It is also purchasing the Sonoma Nutraceuticals unit of Body Plus. Sonoma manufactures private label supplements.

Jamieson, at its Windsor factory, manufactures its own brands of vitamins, minerals, and supplements sold under the Jamieson brand, as well as products bearing the private label Nutricorp name and under the women’s natural health brand Lorna Vanderhaeghe Health Solutions. Jamieson exports its products to more than 30 countries.

The company expects the acquisition will further accelerate its growth by giving it new opportunities for product sales in the fast-growing sports nutrition and specialty retail channels where Body Plus is an established player.

Jamieson’s president, Mark Hornick, is confident his company’s global expertise and resources will be used by Body Plus to further, “… elevate its operational excellence and growth.”

The names of the products marketed or distributed by Body Plus include Progressive, Precision, Heartland, Waist Away, and Iron Vegan. The company has a distribution network of over 2,000 Canadian retail locations and employs more than 140 people across the country.

Body Plus and Sonoma will operate independently with support from the Jamieson team to accelerate their growth in Canada and globally.

A news release announcing the merger provided no information on what impact the deal will have on production currently carried out in Windsor.

Norm Danniels, the president and founder of Body Plus, said being acquired by Jamieson will give his company, “… the resources it needs to grow and meet the needs of its rapidly expanding consumer base.”

There was no word in the announcement of any management changes at any of the companies involved.

Houlihan Lokey, Andrew Durnford, of White Point Capital and Bank of Montreal respectively, acted as financial advisors on the transaction.

Share Button

You may also like...