• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Nutraceuticals
    • Markets
    • Health
    • Jobs
    • Events
    • Buyers' Guide
    • Showcases
    • More
  • Magazine
  • News
  • Exclusives
  • Nutraceuticals
  • Markets
  • Health
  • Jobs
  • Events
  • Buyers' Guide
  • Showcases
  • Current & Past Issues
    Features
    Columns
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter
    Editorial Guidelines
    Top Features
    Fueling Cognitive Health through Nutrition & Supplementation

    2020 State of the Industry: High Expectations

    2020 International Buyers' Guide

    Clean Label Questions: Anything But ‘Short and Sweet’

    Key Trends in Functional Foods & Beverages for 2020
    Breaking News
    Certifications, Approvals and Patents
    Exclusives
    Industry & Market News
    People
    Products
    Regulatory
    Research
    Supplier News
    Live From Shows
    Top News
    Deerland Obtains Certification from Australia’s Therapeutic Goods Administration

    OptiMSM Shown to Improve Hair & Nail Appearance and Condition

    DCC Acquires Contract Manufacturer Ion Laboratories

    AquaCelle Delivery Technology Shown to Improve Omega-3 Absorption

    Mintel Identifies Global Food and Drink Trends Over Next 10 Years
    Exclusives
    Blogs & Guest Articles
    Health E-Insights
    Area Code 420
    eBook
    Antioxidants
    Dairy-Based Ingredients
    Enzymes
    Fatty Acids
    Fiber & Carbohydrates
    Green Foods
    Herbs & Botanicals
    Marine Nutraceuticals
    Minerals
    Omega 3s
    Probiotics & Prebiotics
    Proteins, Peptides, Amino Acids
    Sweeteners
    Vitamins

    OptiMSM Shown to Improve Hair & Nail Appearance and Condition

    AquaCelle Delivery Technology Shown to Improve Omega-3 Absorption

    Cannabinoid Testing & Quality: Michael Poleselli on the VivAssure Standard

    Mood33 to Introduce Hemp-Infused Herbal Teas Featuring Evo Hemp

    Elixinol Gains USDA Organic Certification for CBD Tincture
    Consumer Trends
    Contract Manufacturing
    Cosmeceuticals / Nutricosmetics
    Delivery & Dosage Technologies
    Dietary Supplements
    Flavors & Colors
    Functional Foods & Beverages
    Healthcare Trends
    Medical Nutrition
    Mergers & Acquisitions
    Natural/Organic
    Nutrition Bars
    Packaging
    Pet Nutraceuticals
    Quality & Safety
    Regulations
    Research
    Testing
    World Markets

    OptiMSM Shown to Improve Hair & Nail Appearance and Condition

    DCC Acquires Contract Manufacturer Ion Laboratories

    AquaCelle Delivery Technology Shown to Improve Omega-3 Absorption

    Mintel Identifies Global Food and Drink Trends Over Next 10 Years

    Cannabinoid Testing & Quality: Michael Poleselli on the VivAssure Standard
    Bone & Joint Health
    Cancer Risk
    Cardiovascular Health
    Cognitive Function
    Diabetes & Blood Sugar Management
    Digestive Health
    Energy
    Eye Health
    Healthy Aging
    Immune Function
    Infant & Children's Health
    Inflammation
    Men's Health
    Mood Health & Sleep
    Oral Health
    Sexual & Reproductive Health
    Skin Health
    Sports Nutrition
    Weight Management/Weight Loss
    Women's Health

    Pharmactive Affron Saffron May Help Relieve Depression Symptoms

    Maternal 5-MTHF Levels Predict Fetal Folate Status

    Obesity and Gum Disease May Have Common Connection: Inflammation

    Probiotic Strain Shown to Reduce Symptoms of Infant Colic

    Clinical Trial Confirms Joint Health Benefits of NEM Brand Eggshell Membrane in 7 Days
    Industry Events
    Live From Show Events
    Webinars
    All Companies
    Categories
    Trade Associations
    Company Capabilities
    International Buyers Guide Companies
    MitoCarn (Alfasigma)

    Bioenergy Life Science, Inc. (BLS)

    Barrington Nutritionals

    Sabinsa Corporation

    PLT Health Solutions
    Companies
    Product Releases
    News Releases
    Literature / Brochures
    White Papers
    Jobs
    VIdeos
    Services
    Add New Company
    International Buyers Guide Companies
    BatchMaster Software, Inc.

    MitoCarn (Alfasigma)

    Sabinsa Corporation

    Aiya America (Matcha by Aiya)

    Bioenergy Life Science, Inc. (BLS)
    • Magazine
      • Current / Back Issue
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Buyers' Guide
      • All Companies
      • Categories
      • Trade Associations
      • Company Capabilities
    • Nutraceuticals
      • Antioxidants
      • Dairy-Based Ingredients
      • Enzymes
      • Fatty Acids
      • Fiber & Carbohydrates
      • Green Foods
      • Herbs & Botanicals
      • Marine Nutraceuticals
      • Minerals
      • Omega 3s
      • Probiotics & Prebiotics
      • Proteins, Peptides, Amino Acids
      • Sweeteners
      • Vitamins
    • Markets
      • Consumer Trends
      • Contract Manufacturing
      • Cosmeceuticals / Nutricosmetics
      • Delivery & Dosage Technologies
      • Dietary Supplements
      • Flavors & Colors
      • Functional Foods & Beverages
      • Healthcare Trends
      • Medical Nutrition
      • Mergers & Acquisitions
      • Natural/Organic
      • Nutrition Bars
      • Packaging
      • Pet Nutraceuticals
      • Quality & Safety
      • Regulations
      • Research
      • Testing
      • World Markets
    • Health
      • Bone & Joint Health
      • Cancer Risk
      • Cardiovascular Health
      • Cognitive Function
      • Diabetes & Blood Sugar Management
      • Digestive Health
      • Energy
      • Eye Health
      • Healthy Aging
      • Immune Function
      • Infant & Children's Health
      • Inflammation
      • Men's Health
      • Mood Health & Sleep
      • Oral Health
      • Sexual & Reproductive Health
      • Skin Health
      • Sports Nutrition
      • Weight Management/Weight Loss
      • Women's Health
    • Online Exclusives
    • Webinars
    • Slideshows
    • Blogs & Guest Articles
    • Health E-Insights
    • Videos
    • Podcasts
    • eBook
    • Infographics
    • Whitepapers
    • Research
      • TrendSense
      • Monograph Center
      • White Papers
      • Research News
    • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • Supplier Showcases
      • Companies
      • Product Releases
      • News Releases
      • Literature / Brochures
      • White Papers
      • Jobs
      • VIdeos
      • Services
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Atrium Innovations Acquires Seroyal for $110 Million

    Looking to reinforce its position role in developing dietary supplements for the health and nutrition industry, Atrium Innovations, Quebec City, Canada, has acquired Ontario-based Seroyal International for $110 million.

    Related CONTENT
    • Fytokem, Atrium Biotechnologies Partner
    • Atrium Acquires Douglas Laboratories Canada
    • Atrium Innovations Purchases Garden of Life
    • Inside China: Exploring Supplement Sales Channels (Part 2)
    • Atrium Innovations Acquires Trophic Canada
    01.04.11
    Looking to reinforce its position role in developing dietary supplements for the health and nutrition industry, Atrium Innovations, Quebec City, Canada, has acquired Ontario-based Seroyal International for $110 million.

    Seroyal commercializes premium dietary supplement brands targeting primarily the healthcare practitioner (HCP) channels in Canada and in the U.S. with annualized consolidated revenues of approximately $40 million. The transaction closed on December 31, 2010.

    Seroyal’s product portfolio consists of three main brands: Genestra, Unda and Pharmax. These brands are well known among HCP channels and account for close to 90% of total revenues with Genestra being the core of these HCP brands. Another brand, CoreLab, owned in a joint venture, is a Health Food Store brand currently sold in the U.S. In addition, the company is the exclusive distributor for the Canadian and U.S. markets of Unda, a European homeopathic brand. Revenues derived from the Canadian and U.S. markets account respectively for approximately 65% and 35% of total sales. This acquisition will add quality branded products to complement Atrium’s family of products.

    “Seroyal is one of the largest acquisitions in our short history,” said Pierre Fitzgibbon, president and CEO of Atrium. “It will allow Atrium to surpass the important milestone of $100 million in EBITDA. Moreover, it will provide us with a leading position in the North American HCP channel and create a significant presence in Canada when combined with our existing operations. This acquisition adds premium, high margin and complementary brands to Atrium’s family of products. Within our multi-channel strategy, we envision some cross-selling opportunities with these new brands and some operating synergies.

    “As an organization, we strongly believe in the leadership role we need to take in the education process for the better understanding of our industry given our science-based approach. From that perspective, Seroyal’s extensive Continuing Education Program with HCPs is a perfect fit. Our intention is to leverage its programs for the benefit of all our customers and brands."

    For the past twelve months, Seroyal reported consolidated revenues of approximately $40 million. Under the terms of the acquisition, Atrium acquired Seroyal for a total cash consideration of $110 million and the transaction is subject to no future earn-out payments. The total acquisition price implies a LTM EBITDA ratio of 7.5 times. This acquisition combined with the recently announced acquisition of Minami will be immediately accretive by $0.22 per share on an annualized basis. These acquisitions were financed with available cash and bank facilities.

    “Taking into account this acquisition and the recent acquisition of Minami Nutrition, the net debt to pro forma EBITDA ratio stands at 2.6 times, a leverage level we are very comfortable with and in our target range,” said Mario Paradis, Vice President and Chief Financial Officer. “Considering the low capital expenditures and working capital requirement of our businesses, we have the option of dedicating a large portion of cash flow to debt reduction. Alternatively, depending on circumstances, we may dedicate it to other opportunities to enhance shareholder value.”
    Related Searches
    • Nutrition
    • Healthcare
    • Dietary Supplements
    • Dietary Supplement
    Related Knowledge Center
    • Dietary Supplements
    • Mergers & Acquisitions
    Suggested For You
    SourceOne Global Partners Names Vice President of Science, Innovation & Technology SourceOne Global Partners Names Vice President of Science, Innovation & Technology
    Neptune Acquires Biodroga Neptune Acquires Biodroga
    CRN Adds New Chairman, Board of Directors, Officers CRN Adds New Chairman, Board of Directors, Officers
    Neptune Appoints President & CEO Neptune Appoints President & CEO
    Healthcare Practitioner Corner: Strategies for Success in the Practitioner Market Healthcare Practitioner Corner: Strategies for Success in the Practitioner Market
    Juvenon Pro Supplements Juvenon Pro Supplements
    Soy, Fiber, Nuts Lower Cholesterol More than Low Fat Diet Soy, Fiber, Nuts Lower Cholesterol More than Low Fat Diet
    Atrium Innovations to Research Metabolic Syndrome Atrium Innovations to Research Metabolic Syndrome
    EZ Swallow Coating Technology EZ Swallow Coating Technology
    Atrium Innovations Acquires Seroyal for $110 Million Atrium Innovations Acquires Seroyal for $110 Million
    Atrium Innovations Acquires Trophic Canada Atrium Innovations Acquires Trophic Canada
    Inside China: Exploring Supplement Sales Channels (Part 2) Inside China: Exploring Supplement Sales Channels (Part 2)
    Atrium Innovations Purchases Garden of Life Atrium Innovations Purchases Garden of Life
    Atrium Acquires Douglas Laboratories Canada Atrium Acquires Douglas Laboratories Canada
    Fytokem, Atrium Biotechnologies Partner Fytokem, Atrium Biotechnologies Partner

    Related Breaking News

    • Breaking News | Contract Manufacturing | Delivery & Dosage Technologies | Industry & Market News | Mergers & Acquisitions | World Markets
      DCC Acquires Contract Manufacturer Ion Laboratories

      DCC Acquires Contract Manufacturer Ion Laboratories

      Ion currently commissioning a new nutritional gummies manufacturing line.
      12.10.19

    • Breaking News | Industry & Market News | Mergers & Acquisitions | Natural/Organic | Proteins, Peptides, Amino Acids

      Private Equity Firm Butterfly to Acquire Majority Stake in Orgain

      Deal will allow for increased focus on expanding consumer awareness, product innovation and global distribution.
      12.03.19

    • Breaking News | Dietary Supplements | Herbs & Botanicals | Products
      Vitafusion Enters CBD Market

      Vitafusion Enters CBD Market

      Full spectrum hemp extract gummy supplements target sleep and relaxation.
      12.03.19


    • Breaking News | Industry & Market News | Mergers & Acquisitions | Nutrition Bars & Snacks
      PepsiCo to Acquire BFY Brands, Maker of PopCorners Snacks

      PepsiCo to Acquire BFY Brands, Maker of PopCorners Snacks

      Upon closing, BFY will report into Frito-Lay's North America division.
      12.03.19

    • Breaking News | Dietary Supplements | Industry & Market News | Regulations | Regulatory News

      Fifth Annual Dietary Supplements Regulatory Summit Scheduled for May 27 in Washington, D.C.

      One-day summit will feature updates and insights from top FDA officials from the Office of Dietary Supplement Programs and industry experts.
      11.15.19

    • Breaking News | Enzymes | Mergers & Acquisitions | Probiotics & Prebiotics | Supplier News

      Deerland Probiotics & Enzymes Expands Global Footprint with Acquisition of Bifodan A/S

      Investment intended to bring innovative, scientifically-sound formulation and development services to the enzyme and probiotic industries.
      11.04.19


    • Breaking News | Dietary Supplements | Industry & Market News | Quality & Safety | Regulations

      Natural Products Association Offers Perspective 25 Years Since DSHEA Passage

      Legislation established framework for safe supplements while fostering innovation and research.
      10.29.19

    • Breaking News | Dietary Supplements | Industry & Market News | Quality & Safety | Regulations

      DSHEA Milestone Marks Inflection Point for Industry

      Where does the path forward lead?
      10.29.19

    • Breaking News | Dietary Supplements | Healthcare Trends | Industry & Market News | Medical Nutrition | Quality & Safety

      Persona Flips Script on Personalized Nutrition with Drug-Nutrient Interactions Scanning

      Company’s medical advisory board has analyzed more than 2,000 potential drug-nutrient interactions.
      10.25.19


    • Breaking News | Consumer Trends | Dietary Supplements | Healthcare Trends | Industry & Market News | Medical Nutrition | Minerals | Vitamins
      Most Dietitians Take Supplements Themselves and Recommend Them to Patients

      Most Dietitians Take Supplements Themselves and Recommend Them to Patients

      Top reasons for recommendations include dietary deficiencies, poor nutrition, and caloric needs.
      10.25.19

    • Breaking News | Industry & Market News | Mergers & Acquisitions

      Innophos Agrees to Estimated $932 Million Acquisition by Private Equity Firm

      One Rock Capital Partners said it would seek to maximize Innophos’ growth potential by expanding its presence in high-growth food, health and nutrition markets.
      10.22.19

    • Breaking News | Dietary Supplements | Regulations | Supplier News | World Markets
      Nutraveris Offers Artificial Intelligence Platform to Support Product Development in EU

      Nutraveris Offers Artificial Intelligence Platform to Support Product Development in EU

      Solution offers access to more than 3,000 ingredients, 40,000 peer-reviewed articles and 35,000 finished products in key EU markets.
      10.07.19

    • Breaking News | Dietary Supplements | Herbs & Botanicals | Industry & Market News | Quality & Safety
      Agreement to Advance Botanical Supplement Research

      Agreement to Advance Botanical Supplement Research

      UNPA signs MOU with the University of Arkansas for Medical Sciences to bridge gap between academic centers and supplement industry.
      10.03.19

    • Breaking News | Consumer Trends | Dietary Supplements | Healthcare Trends | Herbs & Botanicals | Industry & Market News | Probiotics & Prebiotics | Proteins, Peptides, Amino Acids | Vitamins
      Anxiety & Stress Top Health Concerns for American Supplement Consumers

      Anxiety & Stress Top Health Concerns for American Supplement Consumers

      Collagen and protein powder experience largest increase in usage, especially among regular users, according to national survey.
      10.01.19

    • Breaking News | Consumer Trends | Dietary Supplements | Herbs & Botanicals | Industry & Market News | Sports Nutrition | Vitamins | Weight Management/Weight Loss
      Dietary Supplement Usage Trends Reveal Vital Role in Health & Wellness

      Dietary Supplement Usage Trends Reveal Vital Role in Health & Wellness

      Widespread, mainstream use revealed in CRN survey, as 76% of Americans report taking vitamins and minerals over 12-month period.
      09.30.19

    Breaking News
    • Deerland Obtains Certification from Australia’s Therapeutic Goods Administration
    • OptiMSM Shown to Improve Hair & Nail Appearance and Condition
    • DCC Acquires Contract Manufacturer Ion Laboratories
    • AquaCelle Delivery Technology Shown to Improve Omega-3 Absorption
    • Mintel Identifies Global Food and Drink Trends Over Next 10 Years
    View Breaking News >
    CURRENT ISSUE

    December 2019

    • Fueling Cognitive Health through Nutrition & Supplementation
    • 2020 International Buyers' Guide
    • 2020 State of the Industry: High Expectations
    • View More >
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Deerland Obtains Certification from Australia’s Therapeutic Goods Administration
    OptiMSM Shown to Improve Hair & Nail Appearance and Condition
    DCC Acquires Contract Manufacturer Ion Laboratories
    Coatings World

    Latest Breaking News From Coatings World

    Arkema: Bostik Acquires Danish Company LIP
    Axalta Adds New Epoxy Primer to Tufcote Liquid Industrial Coatings Portfolio
    Chromaflo Technologies Promotes Sergio Duenas to Country Manager of Mexico
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    FDA OKs World's First Single-Use Duodenoscope
    Dr. Stephen Hahn Confirmed as New FDA Leader
    FDA OKs First Test to Help Screen for Newborn Duchenne Muscular Dystrophy
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Sanofi Awarded $226M by US Gov't for Pandemic Influenza Preparedness
    Amgen Selects Location For R&D Facility
    Arctoris Opens Oxford R&D Facility
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Time Features 5 Best Beauty Inventions
    CES 2020 Preview - Innovation Award Honorees in Health & Wellness
    Prada & L’Oréal Sign Long-Term Licensing Deal
    Happi

    Latest Breaking News From Happi

    Cosmetic Assessments Revealed at CIR Panel
    T-Boz Launches CBD Line
    DRF and Flowerkist Develop CBD Range
    Ink World

    Latest Breaking News From Ink World

    Ripon Printers Adds Ricoh Pro C9210
    LogoJet Opens Bogota, Colombia Office
    Canon Solutions America Powers University of Notre Dame Athletics' Printing Capabilities
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    GSE products provide quality assurance for Pharmalabel
    Luminer promotes Heather Bookman to prepress manager
    Materials Exchange launches to solve excess inventory issue
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    DuPont to Acquire Osmosis Specialist
    Nice-Pak to Expand in Indiana
    Hospeco Launches Compact Fem Hy Dispenser
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    FDA OKs First Test to Help Screen for Newborn Duchenne Muscular Dystrophy
    Europe, North America Comprise More Than 80 Percent of Global Bone Marrow Transplantation Demand
    TriMed Closes Out FDA Warning Letter
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    3D Printing Materials Market to Grow at 23.9% CAGR Through 2025: GVR
    Kyocera, TactoTek Collaborate on Injection Molded Structural Electronics Solutions
    Toray Opens R&D Innovation Center for the Future

    Copyright © 2019 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.