• 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
    ABC Sustainable Herbs Program Releases Video on Regenerative Herb Farming in Costa Rica

    Activ’Inside Receives U.S. Patent for Saffron Extract

    Jiaherb Receives CITES Certification for Rhodiola Rosea

    Hyaluronic Acid Ingredient Linked to Antioxidant Benefits In Vitro

    Anita Johansen Appointed New CEO of Probi
    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

    ABC Sustainable Herbs Program Releases Video on Regenerative Herb Farming in Costa Rica

    Activ’Inside Receives U.S. Patent for Saffron Extract

    Jiaherb Receives CITES Certification for Rhodiola Rosea

    Anita Johansen Appointed New CEO of Probi

    Wiley Eliminates Outer Carton From Packaging to Reduce Waste
    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

    Activ’Inside Receives U.S. Patent for Saffron Extract

    Jiaherb Receives CITES Certification for Rhodiola Rosea

    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
    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

    Activ’Inside Receives U.S. Patent for Saffron Extract

    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
    Industry Events
    Live From Show Events
    Webinars
    All Companies
    Categories
    Trade Associations
    Company Capabilities
    International Buyers Guide Companies
    American FlexPack

    BGG Americas, Inc.

    KLK OLEO

    Verdure Sciences

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

    BGG Americas, Inc.

    KLK OLEO

    Verdure Sciences

    PhytoGaia Inc
    • 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

    Innophos to Acquire Novel Ingredients

    Acquisition will create a nearly $0.5 billion food, health and nutrition platform.

    08.02.17
    Innophos Holdings, Inc., Cranbury, NJ, has entered into a definitive merger agreement to acquire Novel Ingredients, an East Hanover, NJ-based provider of dietary supplement ingredient solutions primarily owned by GenNx360 Capital Partners, a New York-based private equity firm.

    Under the terms of the merger agreement, Innophos will acquire all of the outstanding shares of Novel Ingredients for a total purchase price of $125 million (enterprise value), payable in cash. Innophos will fund the acquisition with borrowings under its existing credit facility. The acquisition is expected to be accretive to Innophos’ earnings per share in the first year following the close of the transaction. Closing of the transaction is subject to customary closing conditions, including review under the Hart Scott Rodino Antitrust Improvements Act, and is expected to be completed in the third quarter of 2017.

    "The acquisition of Novel Ingredients is an exceptional opportunity for our Company and a significant step forward in achieving our strategic goals," said Kim Ann Mink, PhD, chairman, president and chief executive officer of Innophos Holdings, Inc. "This transaction fully aligns with our Vision 2022 strategic priorities to grow our Food, Health and Nutrition portfolio, increase our presence in attractive nutrition end-markets, and develop innovative solutions that better serve our customers. Additionally, it will more closely align Innophos with important consumer mega-trends such as health and wellness, energized aging and clean labels.”

    "Bringing Novel Ingredients and Innophos together will create a Food, Health and Nutrition platform of nearly $0.5 billion in revenue representing 60% of our total combined Company," Dr. Mink commented. "The combined Company will benefit from leading, innovative technology; a broader and deeper product portfolio; and access to new market segments.”

    Dr. Mink continued, "In addition to the complementary products and manufacturing assets that we gain, we are acquiring Novel Ingredients because of its experienced and dedicated people. They bring to Innophos deep customer relationships, exceptional know-how in ingredient development, solutions and applications, along with proven quality assurance and customer service skills."

    "We are delighted at the prospect of becoming part of Innophos," said Rick Antonoff, Novel Ingredients’ chief executive officer. "We believe that joining the Innophos team will enable Novel Ingredients to deliver enhanced value to our existing customers, and will present exciting opportunities to expand our business into new market adjacencies. We look forward to working closely with the Innophos team to ensure a smooth transition.”

    "We are confident that this acquisition will create lasting, long-term value for our shareholders," Dr. Mink said. "We expect to move quickly to attain cost synergies, while nurturing the entrepreneurial and customer focused spirit of Novel Ingredients. On behalf of the Innophos organization, I would like to welcome the Novel Ingredients employees to our team.”
    Lazard is acting as financial advisor to Innophos on the transaction and Baker Botts LLP is acting as Innophos’ legal advisor. Winston & Strawn LLP is acting as legal advisor to Novel Ingredients and GenNx360 Capital Partners. 
    Related Searches
    • Quality Assurance
    • Dietary Supplement
    • Health
    • Nutrition
    Related Knowledge Center
    • Mergers & Acquisitions
    • Dietary Supplements
    Suggested For You
    European Partnership to Yield Alternative Proteins from Mushroom Mycelia European Partnership to Yield Alternative Proteins from Mushroom Mycelia
    Barrington Nutritionals to Supply Redleaf Biologics’ Red Sorghum Extract Barrington Nutritionals to Supply Redleaf Biologics’ Red Sorghum Extract
    Immune Health Uninterrupted: Year-Round Attention Highlights Prevention’s Value Immune Health Uninterrupted: Year-Round Attention Highlights Prevention’s Value
    Research Trends in Nutrition and Mental Health Research Trends in Nutrition and Mental Health
    Active Nutrition Market Expands to Meet Modern Health Challenges Active Nutrition Market Expands to Meet Modern Health Challenges
    Boosting the Brain to Address Modern Health Demands Boosting the Brain to Address Modern Health Demands
    Opportunities & Challenges Continue to Emerge in the Immune Health Market Opportunities & Challenges Continue to Emerge in the Immune Health Market
    PLT Appoints Sharon Peek as Technical Business Manager PLT Appoints Sharon Peek as Technical Business Manager
    Pet Nutrition: In the From-Home Era, Consumers Tune into Health Needs of Four-Legged Friends Pet Nutrition: In the From-Home Era, Consumers Tune into Health Needs of Four-Legged Friends
    Sweeteners Market Continues to Broaden with Cleaner Labels and Better Formulations Sweeteners Market Continues to Broaden with Cleaner Labels and Better Formulations
    B&G Foods to Acquire Back to Nature Foods Company for $162.5 Million B&G Foods to Acquire Back to Nature Foods Company for $162.5 Million
    NattoPharma Appoints Jeff Lind to Lead Sales Team NattoPharma Appoints Jeff Lind to Lead Sales Team
    Campbell Soup to Acquire Pacific Foods for $700 Million Campbell Soup to Acquire Pacific Foods for $700 Million
    Skin Health: New Audiences &  Innovative Deliveries Drive Growth	Skin Health: New Audiences & Innovative Deliveries Drive Growth
    Roundtable Healthcare Partners Invests in Deerland Enzymes & Probiotics Roundtable Healthcare Partners Invests in Deerland Enzymes & Probiotics

    Related Breaking News

    • Breaking News | Functional Foods & Beverages | Proteins, Peptides, Amino Acids | Supplier News | World Markets
      European Partnership to Yield Alternative Proteins from Mushroom Mycelia

      European Partnership to Yield Alternative Proteins from Mushroom Mycelia

      MycoTechnology and IFF plan to develop new, innovative solutions for food and beverage products throughout Europe.
      11.29.22

    • Antioxidants | Breaking News | Dietary Supplements | Herbs & Botanicals | Supplier News
      Barrington Nutritionals to Supply Redleaf Biologics’ Red Sorghum Extract

      Barrington Nutritionals to Supply Redleaf Biologics’ Red Sorghum Extract

      The polyphenol-rich ingredient is sourced and manufactured domestically.
      10.27.22

    • Consumer Trends | Dietary Supplements | Healthcare Trends | Herbs & Botanicals | Immune Function | Minerals | Probiotics & Prebiotics
      Immune Health Uninterrupted: Year-Round Attention Highlights Prevention’s Value

      Immune Health Uninterrupted: Year-Round Attention Highlights Prevention’s Value

      Innovative products emerge after major market disruption.
      By Mike Montemarano, Associate Editor 10.03.22


    • Cardiovascular Health | Mood Health & Sleep | Omega-3s | Probiotics & Prebiotics | Research | Weight Management/Weight Loss
      Research Trends in Nutrition and Mental Health

      Research Trends in Nutrition and Mental Health

      UKRI research fellow Dr. Joseph Firth discussed evidence supporting dietary habits and supplementation at Vitafoods Europe 2022.
      By Mike Montemarano, Associate Editor 06.06.22

    • Bone & Joint Health | Dietary Supplements | Sports Nutrition
      Active Nutrition Market Expands to Meet Modern Health Challenges

      Active Nutrition Market Expands to Meet Modern Health Challenges

      Brands can bridge attitude-behavior gaps among mass consumer groups with convenient, personalized, and clean-label solutions.
      By Mike Montemarano, Associate Editor 03.02.22

    Loading, Please Wait..
    Trending
    • Shiitake Mushroom Extract Appears Helpful In HPV Infections
    • ConsumerLab Finds High Concentrations Of Arsenic In Cricket Protein Powder
    Breaking News
    • ABC Sustainable Herbs Program Releases Video on Regenerative Herb Farming in Costa Rica
    • Activ’Inside Receives U.S. Patent for Saffron Extract
    • Jiaherb Receives CITES Certification for Rhodiola Rosea
    • Hyaluronic Acid Ingredient Linked to Antioxidant Benefits In Vitro
    • Anita Johansen Appointed New CEO of Probi
    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

    ABC Sustainable Herbs Program Releases Video on Regenerative Herb Farming in Costa Rica
    Activ’Inside Receives U.S. Patent for Saffron Extract
    Jiaherb Receives CITES Certification for Rhodiola Rosea
    Coatings World

    Latest Breaking News From Coatings World

    BASF’s Monomers Division Receive ISCC+ Certification in Its Two Asian Production Sites
    Omya to Represent Songwon’s Coatings Portfolio in 4 South-Asian Countries
    Brenntag Commences Operations at Its New Site in Zhangjiagang, China
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most-Read Stories This Week—April 1
    SoCalBio Mourns the Loss of CEO Ahmed Enany
    Tissium's COAPTIUM Connect Achieves Successful Nerve Repair in Australia
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Duke-Margolis Launches Drug Supply Chain Resilience, Advanced Manufacturing Consortium
    Galapagos, NovAliX Enter Integrated Drug Discovery Collaboration
    XOMA Acquires IXINITY Asset from Aptevo Therapeutics
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Venus Launches Dermaplaning Skincare Regimen
    Olberding Brand Family Updates Leadership Team and Expands Capabilities
    Rimmel London Chooses Maya Jama as the New Face of the Brand
    Happi

    Latest Breaking News From Happi

    Fenty Beauty Illuminates NYC Skyline to Introduce Hella Thicc Volumizing Mascara
    Huda Beauty Launches GloWish Bright Light Sheer Concealer
    Digging Into Dollar General's Beauty Expansion Plans
    Ink World

    Latest Breaking News From Ink World

    Ricoh Wins 2023 ENERGY STAR Partner of the Year Sustained Excellence Award from EPA
    Avery Dennison Implements Carbon Trust Footprinting Tool
    ACTEGA to Showcase Products and Solutions at Interpack 2023
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    PCMC names Windell McGill product launch manager
    Nominations sought for The Paper and Packaging Board's 2024 board seats
    CUPSZ chooses Mark Andy Evolution Series E5
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Windell McGill Joins PCMC
    Binder Unveils New Look, Website
    Michelman Achieves EcoVadis Rting
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—April 1
    European Innovation Council Awards Grant for Brain-Computer Interface Tech
    Report: No Complications With OssDsign Catalyst Graft
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    India Awards Production Linked Incentives to First Solar’s India Facility
    onsemi Named to Barron’s 2023 List of 100 Most Sustainable Companies in the U.S.
    Michelman Earns 2023 EcoVadis Gold Sustainability Rating

    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