Private equity firm Encore Consumer Capital has completed the sale of The Isopure Company to Glanbia, the Ireland-based global performance nutrition and ingredients company, for US$153 million.
Robert Brown, Managing Director of Encore Consumer Capital, said, “Isopure’s founder Hal Katz decided to bring on a strategic and financial partner in 2007, and Encore was well positioned to help the company grow. We could not be more proud of what the team has accomplished in building the premier brand in protein-based sports nutrition.”
“Encore provided strategic guidance and unwavering confidence in our team to execute our vision,” said Hal Katz, Founder and now-retired CEO of Isopure. Katz added, “Over thirty years we built a high-performance culture and special brand based on quality and authenticity. We are delighted to see those things valued by a company as highly regarded as Glanbia.”
Isopure will continue to be led by President Chris Hickey as part of Glanbia Performance Nutrition. “Glanbia is the perfect partner to accelerate our expansion into new products and new markets,” commented Hickey.
Sawaya Segalas & Co provided strategic and financial advisory services to Isopure on the deal. Latham and Watkins acted as legal counsel to Isopure.
Isopure is a leading marketer of premium, protein-based sports nutrition products. Isopure offers ready-to-drink beverages and protein powders formulated with high quality whey protein isolates, as well as other sports nutrition products.
Glanbia plc is a global performance nutrition and ingredients group with leading market positions in sports nutrition, cheese, specialty dairy and non-dairy ingredients and micronutrient premixes. The group is comprised of four business segments – Global Performance Nutrition, Global Ingredients, Dairy Ireland and Joint Ventures & Associates.
Glanbia group employs over 5,000 people in 32 countries. Its shares are listed on the Irish and London Stock exchanges (symbol: GLB).
Glanbia’s B2C Global Performance Nutrition segment is ‘the global leader in sports nutrition with a direct presence in 19 countries worldwide and product sales in more than 100 countries.’ Its brand portfolio includes Optimum Nutrition, BSN, ABB and Nutramino.
Global Performance Nutrition’s portfolio of products covers all key sports categories including protein, muscle gainers and builders, pre-workout and general health.
www.glanbia.com
www.theisopurecompany.com
