Lonza Group Completes Acquisition Of InterHealth Nutraceuticals
• Acquisition aligns closely with Lonza’s specialty nutritional ingredients portfolio
• Transaction price of up to USD 300 million, and acquisition expected to be immediately earnings accretive
Basel, Switzerland, 13 September 2016 – Lonza announced today that it has closed the acquisition of InterHealth Nutraceuticals, Inc. (“InterHealth”), a leader in research, development, manufacture and marketing of proprietary, value-added nutritional ingredients for use in dietary supplements, based in Benicia, CA (USA) from Kainos Capital.
The InterHealth business will become part of Lonza’s Consumer Care Business Unit, but will retain its facilities and employees. The combination of the two businesses allows Lonza to offer InterHealth’s more than 15 branded ingredients, including its cornerstone ingredient, UC-II, which is revolutionizing the joint-health segment.
“We are looking forward to welcoming the highly capable team to our Lonza family. They nicely complement our offerings and will be joining us in our quest to becoming the world’s leading and most-trusted supplier to the pharmaceutical, biotech and specialty ingredients markets.” said Richard Ridinger, Lonza’s Chief Executive Officer. “Lonza will be able to harness the proven management and branding capabilities and leverage them to a global level.”
Lonza acquired InterHealth for a total transaction price of up to USD 300 million split into an upfront payment and an earn-out payment. The transaction is expected to be immediately accretive to Lonza’s earnings.
About Lonza
Lonza is one of the world’s leading and most-trusted suppliers to the pharmaceutical, biotech and specialty ingredients markets. We harness science and technology to create products that support safer and healthier living and that enhance the overall quality of life.
Not only are we a custom manufacturer and developer, Lonza also offers services and products ranging from active pharmaceutical ingredients and stem-cell therapies to drinking water sanitizers, from the vitamin B3 compounds and organic personal care ingredients to agricultural products, and from industrial preservatives to microbial control solutions that combat dangerous viruses, bacteria and other pathogens.
Founded in 1897 in the Swiss Alps, Lonza today is a well-respected global company with more than 40 major manufacturing and R&D facilities and approximately 9,800 full-time employees worldwide. The company generated sales of CHF 3.8 billion in 2015 and is organized into two market-focused segments: Pharma&Biotech and Specialty Ingredients. Further information can be found at www.lonza.com.
About InterHealth
InterHealth Nutraceuticals researches, develops, markets and distributes specialty nutritional ingredients, which are sold worldwide to manufacturers of dietary supplements and nutraceutical food and beverage products. The company's products include UC-II(r) for addressing joint discomfort; Super CitriMax(r), a weight loss and satiety ingredient; Meratrim(r) for weight management; Relora(r) for stress management; ChromeMate(r) and Zychrome(r) for blood sugar and insulin control; and CardiaSlim(r) for healthy cholesterol support. In addition, InterHealth offers 7-Keto(r), Sytrinol(r), LOWAT(r), Aller-7(r), OptiBerry(r), L-OptiZinc(r), Protykin(r) and ZMA(r). For more information about InterHealth and its products, visit www.interhealthusa.com.
• Transaction price of up to USD 300 million, and acquisition expected to be immediately earnings accretive
Basel, Switzerland, 13 September 2016 – Lonza announced today that it has closed the acquisition of InterHealth Nutraceuticals, Inc. (“InterHealth”), a leader in research, development, manufacture and marketing of proprietary, value-added nutritional ingredients for use in dietary supplements, based in Benicia, CA (USA) from Kainos Capital.
The InterHealth business will become part of Lonza’s Consumer Care Business Unit, but will retain its facilities and employees. The combination of the two businesses allows Lonza to offer InterHealth’s more than 15 branded ingredients, including its cornerstone ingredient, UC-II, which is revolutionizing the joint-health segment.
“We are looking forward to welcoming the highly capable team to our Lonza family. They nicely complement our offerings and will be joining us in our quest to becoming the world’s leading and most-trusted supplier to the pharmaceutical, biotech and specialty ingredients markets.” said Richard Ridinger, Lonza’s Chief Executive Officer. “Lonza will be able to harness the proven management and branding capabilities and leverage them to a global level.”
Lonza acquired InterHealth for a total transaction price of up to USD 300 million split into an upfront payment and an earn-out payment. The transaction is expected to be immediately accretive to Lonza’s earnings.
About Lonza
Lonza is one of the world’s leading and most-trusted suppliers to the pharmaceutical, biotech and specialty ingredients markets. We harness science and technology to create products that support safer and healthier living and that enhance the overall quality of life.
Not only are we a custom manufacturer and developer, Lonza also offers services and products ranging from active pharmaceutical ingredients and stem-cell therapies to drinking water sanitizers, from the vitamin B3 compounds and organic personal care ingredients to agricultural products, and from industrial preservatives to microbial control solutions that combat dangerous viruses, bacteria and other pathogens.
Founded in 1897 in the Swiss Alps, Lonza today is a well-respected global company with more than 40 major manufacturing and R&D facilities and approximately 9,800 full-time employees worldwide. The company generated sales of CHF 3.8 billion in 2015 and is organized into two market-focused segments: Pharma&Biotech and Specialty Ingredients. Further information can be found at www.lonza.com.
About InterHealth
InterHealth Nutraceuticals researches, develops, markets and distributes specialty nutritional ingredients, which are sold worldwide to manufacturers of dietary supplements and nutraceutical food and beverage products. The company's products include UC-II(r) for addressing joint discomfort; Super CitriMax(r), a weight loss and satiety ingredient; Meratrim(r) for weight management; Relora(r) for stress management; ChromeMate(r) and Zychrome(r) for blood sugar and insulin control; and CardiaSlim(r) for healthy cholesterol support. In addition, InterHealth offers 7-Keto(r), Sytrinol(r), LOWAT(r), Aller-7(r), OptiBerry(r), L-OptiZinc(r), Protykin(r) and ZMA(r). For more information about InterHealth and its products, visit www.interhealthusa.com.