ICV Partners (ICV), a private investment firm has acquired Stauber Performance Ingredients, a distributor of nutraceutical ingredients to the dietary supplement industry, from J. H. Whitney & Co.
Dan Stauber, CEO, and select members of the management team, will continue to have a meaningful ownership interest in the company.
Established more than 40 years ago, Stauber distributes nutraceutical ingredients such as minerals, herbs, fruits, vegetables, nutrients, vitamins and amino acids to the food, pharmaceutical, cosmetic and health food industries. Based in Fullerton, CA, Stauber provides value-added services for its customers including procurement, product development and outsourced supply chain management.
Ira Moreland, 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 has relationships with more than 100 top manufacturers around the world, including Tomita, Konoshima, FMC, DSM, Brewster, General Chemical, HeSego, VisVitalis and Jungbunzlauer, among other leading companies.
“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,” said Dan Stauber, CEO. “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.”
ICV Partners Acquires Stauber Performance Ingredients
Published January 26, 2011