• 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
    ‘Identifying the Elephant in the Room’: Confronting Controversial Topics

    Products Featuring Sustainability Claims Gain Greater Share of Consumer Spending

    PowerBar Maker Jennifer Maxwell Drums Up Organic Energy with JamBar Brand

    Economic Pressures Lead to Slower Growth in Dietary Supplement Industry

    Supporting Musculoskeletal Health: Tending to Muscles, Joints, and Bones
    Breaking News
    Certifications, Approvals and Patents
    Exclusives
    Industry & Market News
    People
    Products
    Regulatory
    Glossary
    Research
    Supplier News
    Supplier Insights
    Live From Shows
    Top News
    Hyaluronic Acid Ingredient Linked to Antioxidant Benefits In Vitro

    Anita Johansen Appointed New CEO of Probi

    Kemin Human Nutrition & Health Acquires Oral Health Ingredient

    Wiley Eliminates Outer Carton From Packaging to Reduce Waste

    ACG Expands as Vantage Nutrition Acquires ComboCap and its Dual-Chamber Capsule Technology
    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

    Anita Johansen Appointed New CEO of Probi

    Wiley Eliminates Outer Carton From Packaging to Reduce Waste

    PowerBar Maker Jennifer Maxwell Drums Up Organic Energy with JamBar Brand

    Harmonizing the EU's Upper Limits For Micronutrients

    GOOD Meat Receives FDA Go-Ahead for Cultured Meat
    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

    Hyaluronic Acid Ingredient Linked to Antioxidant Benefits In Vitro

    Anita Johansen Appointed New CEO of Probi

    ‘Identifying the Elephant in the Room’: Confronting Controversial Topics

    Products Featuring Sustainability Claims Gain Greater Share of Consumer Spending

    Wiley Eliminates Outer Carton From Packaging to Reduce Waste
    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

    Hyaluronic Acid Ingredient Linked to Antioxidant Benefits In Vitro

    Kemin Human Nutrition & Health Acquires Oral Health Ingredient

    Economic Pressures Lead to Slower Growth in Dietary Supplement Industry

    NPA: ‘Major Victory’ in Colorado After Amendment to Eating Disorder Bill

    Nordic Naturals Debuts Probiotic Line in More Than 375 Sprouts Farmer’s Markets
    Industry Events
    Live From Show Events
    Webinars
    All Companies
    Categories
    Trade Associations
    Company Capabilities
    International Buyers Guide Companies
    Verdure Sciences

    Aiya America, Inc. (Aiya Matcha)

    JRS Pharma

    Xsto Solutions

    American FlexPack
    Companies
    Product Releases
    News Releases
    Literature / Brochures
    White Papers
    Jobs
    VIdeos
    Services
    Add New Company
    International Buyers Guide Companies
    Verdure Sciences

    Aiya America, Inc. (Aiya Matcha)

    JRS Pharma

    Xsto Solutions

    American FlexPack
    • 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
    • Infographics
    • eBook
    • 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

    Milk Specialties Global Sold to Private Equity Firm Butterfly

    CEO and industry veteran David Lenzmeier will continue to lead the nutritional ingredient supplier.

    Milk Specialties Global Sold to Private Equity Firm Butterfly
    01.03.23
    Los Angeles-based private equity firm Butterfly has entered an agreement to acquire Milk Specialties Global, a manufacturer of nutritional ingredients for the health and wellness, performance nutrition, and functional food industries, from another private equity firm (affiliates of American Securities LLC.)

    Based in Eden Prairie, MN, Milk Specialties Global was founded in 1949. Today the company is a vertically integrated ingredient manufacturer focused on the processing of raw dairy inputs, such as milk and liquid whey, into value-added functional ingredients for nutrition end markets.

    The company claimed its Human Nutrition segment is the largest producer of whey protein isolate in the world.

    Milk Specialties has been led for over 14 years by CEO and industry veteran David Lenzmeier, who will continue to lead the business going forward.

    Milk Specialties is Butterfly’s latest investment within its “seed to fork” strategy spanning agriculture and aquaculture, food and beverage products, food distribution, and foodservice.

    In 2019, Butterfly made a majority investment in Orgain; in 2022, the firm sold a majority stake to Nestlé Health Science, though it continues to own a minority interest.

    “We are beyond excited to roll up our sleeves and get to work with the Butterfly team,” said Lenzmeier. “Partnering with a food-focused firm like Butterfly, we can drive enhanced value creation for all partners. We are really looking forward to what the future holds because Butterfly will enable Milk Specialties to achieve a new level of growth.”

    “We’ve admired Dave and team from afar for many years and are excited to welcome them to the Butterfly family,” said Butterfly Co-Founders and Co-CEOs Adam Waglay and Dustin Beck. “We’re confident that Milk Specialties’ industry leadership and best-in-class team, combined with our expertise in the space, will enable us to drive even greater success for the business going forward. We can't wait to see what we can accomplish together.”

    Terms of the transaction were not disclosed. The transaction is expected to close in Q1 2023.
    Related Searches
    • Dairy-Based Ingredients
    • Mergers & Acquisitions
    Related Knowledge Center
    • Dairy-Based Ingredients
    • Mergers & Acquisitions
    Suggested For You
    Supporting Musculoskeletal Health: Tending to Muscles, Joints, and Bones Supporting Musculoskeletal Health: Tending to Muscles, Joints, and Bones
    Large-Scale Review Breaks Down Cardiovascular Effects of 27 Nutrients Large-Scale Review Breaks Down Cardiovascular Effects of 27 Nutrients
    Bunge to Invest in New Protein Concentrate Facility in U.S. Bunge to Invest in New Protein Concentrate Facility in U.S.
    Arla Foods Ingredients Enters Supply Partnership with Milcobel Arla Foods Ingredients Enters Supply Partnership with Milcobel
    Kerry, Kameda Seika Enter Licensing Agreement for Postbiotic Ingredient Kerry, Kameda Seika Enter Licensing Agreement for Postbiotic Ingredient
    David Winston Honored by American Herbalists Guild David Winston Honored by American Herbalists Guild
    Merit Functional Foods Launches New Organic Pea Protein Merit Functional Foods Launches New Organic Pea Protein
    Vantage Nutrition Acquires AquaCap from Nestlé Health Science Vantage Nutrition Acquires AquaCap from Nestlé Health Science
    Nexira Adopts Acacia Gum Through ABC’s Adopt-an-Herb Program Nexira Adopts Acacia Gum Through ABC’s Adopt-an-Herb Program
    Activ’Inside Announces Results from Healthy Aging Research Project Activ’Inside Announces Results from Healthy Aging Research Project
    State of the Industry: Inflation, Supply Chains, Quality Issues Top List of Concerns State of the Industry: Inflation, Supply Chains, Quality Issues Top List of Concerns
    Leading Business Through Uncertainty Leading Business Through Uncertainty
    PLT Launches Water-Soluble Form of Rhodiola Extract PLT Launches Water-Soluble Form of Rhodiola Extract
    Bioactive Services Bioactive Services
    PLT to Market California Natural Colors’ MegaNatural Portfolio PLT to Market California Natural Colors’ MegaNatural Portfolio

    Related Features

    • Antioxidants | Bone & Joint Health | Healthy Aging | Herbs & Botanicals | Inflammation | Proteins, Peptides, Amino Acids | Sports Nutrition
      Supporting Musculoskeletal Health: Tending to Muscles, Joints, and Bones

      Supporting Musculoskeletal Health: Tending to Muscles, Joints, and Bones

      Diet, exercise, and supplement solutions can pay dividends.
      By Sean Moloughney, Editor 03.01.23

    • Breaking News | Cardiovascular Health | Dietary Supplements | Medical Nutrition | Minerals | Omega-3s | Research | Research News | Vitamins
      Large-Scale Review Breaks Down Cardiovascular Effects of 27 Nutrients

      Large-Scale Review Breaks Down Cardiovascular Effects of 27 Nutrients

      A meta-analysis of 884 studies looked at evidence for several PUFAs, amino acids, antioxidants, botanicals, and more.
      12.22.22

    • Breaking News | Functional Foods & Beverages | Proteins, Peptides, Amino Acids | Supplier News
      Bunge to Invest in New Protein Concentrate Facility in U.S.

      Bunge to Invest in New Protein Concentrate Facility in U.S.

      The $550 million project will process close to 4.5 million bushels of soybeans annually.
      12.15.22


    • Breaking News | Proteins, Peptides, Amino Acids | Supplier News | World Markets
      Arla Foods Ingredients Enters Supply Partnership with Milcobel

      Arla Foods Ingredients Enters Supply Partnership with Milcobel

      Milcobel will provide the company with whey protein concentrate for its infant formulas and medical nutrition products.
      12.15.22

    • Breaking News | Digestive Health | Probiotics & Prebiotics | Supplier News | World Markets
      Kerry, Kameda Seika Enter Licensing Agreement for Postbiotic Ingredient

      Kerry, Kameda Seika Enter Licensing Agreement for Postbiotic Ingredient

      Kerry will distribute the company’s rice-derived Lactobacillus K-1 in the Americas and Europe.
      12.14.22

    Loading, Please Wait..
    Trending
    • Shiitake Mushroom Extract Appears Helpful In HPV Infections
    • ACG Expands As Vantage Nutrition Acquires ComboCap And Its Dual-Chamber Capsule Technology
    Breaking News
    • Hyaluronic Acid Ingredient Linked to Antioxidant Benefits In Vitro
    • Anita Johansen Appointed New CEO of Probi
    • Kemin Human Nutrition & Health Acquires Oral Health Ingredient
    • Wiley Eliminates Outer Carton From Packaging to Reduce Waste
    • ACG Expands as Vantage Nutrition Acquires ComboCap and its Dual-Chamber Capsule Technology
    View Breaking News >
    CURRENT ISSUE

    March 2023

    • Supporting Musculoskeletal Health: Tending to Muscles, Joints, and Bones
    • Dosage and Delivery Innovations Help Manufacturers Meet Common Challenges
    • 2023 Contract Manufacturing Survey
    • Manufacturing Dietary Supplements in Economic Uncertainty
    • Beyond Antioxidants: The Power of Berries
    • A Paradigm Shift for Antioxidants?
    • Ayana Bio on Path to Scale Bioactives Derived from Plant Cell Cultures
    • Nuritas: Leveraging Artificial Intelligence to Speak the Language of Life
    • Dietary Supplement Quality Assurance Programs Critical to Natural Products Industry Success
    • Innovation in Nutraceuticals: Dose Forms and Application Science Help Meet Consumer Demand
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Hyaluronic Acid Ingredient Linked to Antioxidant Benefits In Vitro
    Anita Johansen Appointed New CEO of Probi
    Kemin Human Nutrition & Health Acquires Oral Health Ingredient
    Coatings World

    Latest Breaking News From Coatings World

    PPG Names Rodolfo Ramirez GM, Packaging Coatings
    Sherwin-Williams Unveils High Performance Interior Marine Decking Systems
    AkzoNobel Appoints Ricardo Rosso as Pontiac Site Manager
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Tracey Technologies Upgrades iTrace Software
    Foster Corporation Rebrands its Distribution Business
    Greenleaf Health Recruits Two Former FDA Officials
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Junshi Biosciences, Rxilient Biotech Partner Develop Toripalimab in Southeast Asia
    RoslinCT, Lykan Bioscience Granted MIA License for cGMP Manufacturing Facilities
    Thermo Fisher, Arsenal Biosciences Partner to Manufacture Autologous T-Cell Therapies
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    MAC Revamps 'Back To Mac' Recycling Program
    Coty Names New Chief Commercial Officer for Prestige Division
    GK Launches Vegan Hair Styling Range
    Happi

    Latest Breaking News From Happi

    MAC Cosmetics Brings Back Improved ‘Back-To-MAC’ Takeback Program
    Sederma Introduces Active Ingredient to Address Pigment Disorders
    Ren Skincare Releases New Everhydrate Range
    Ink World

    Latest Breaking News From Ink World

    INX International Makes Investment in Gooten
    Videojet Launches 1580 C Soft-Pigmented Contrast Printer
    Epson to Showcase Textile, Signage and Aqueous Printers at ISA 2023
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Loftware secures significant growth equity investment
    Avery Dennison’s atma.io adds new ChatGPT and AI features
    Reproflex3 wins regional business award
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Toray Awarded for Nanodesign Technology
    SharpCell Launches Plastic-free Airlaid Material for Premium Napkins
    Suominen Offers Biolace Ultrasoft
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Report: No Complications With OssDsign Catalyst Graft
    FDA OKs Bioretec's RemeOs Bioresorbable Metal Trauma Screw
    First Clinical Use of Stryker’s Tornier Pyrocarbon Humeral Head
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Universal Display Sponsors, Presents at ICDT 2023
    Miron Washington Joins Impinj Board of Directors
    All-Time High for Global 300MM Semiconductor Capacity in 2026: SEMI

    Copyright © 2023 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.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login