WEST CALDWELL, N.J., Feb. 8 /PRNewswire/ -- Keith Frankel, Vitaquest International LLC Chairman and CEO, and an affiliate of CK Life Sciences Int’l., Inc. (SEHK: 8222), a Hong Kong-based biotechnology company that is developing a range of broadly based life sciences products, announced today that they will jointly lead a recapitalization of Vitaquest, a leading maker of specialty nutritional products. Keith Frankel will maintain a significant interest in Vitaquest. Vitaquest is currently majority-owned by MidOcean Partners, a New York and London-based private investment firm.
Vitaquest is the leading custom contract manufacturer and multi-channel distributor of nutritional products in the U.S. The Company has a unique business model that leverages its product development, manufacturing and distribution capabilities to provide a complete solution for its customers.
CK Life Sciences is listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong and is engaged in identifying needs and developing revolutionary biotechnology solutions for the improvement of human health and environmental sustainability. CK Life Sciences is a member of Cheung Kong Group whose member companies in Hong Kong alone command a market capitalization of approximately $95 billion.
H. L. Kam, President and CEO of CK Life Sciences, said “Vitaquest is CK Life Sciences’ first acquisition in the United States and represents an attractive platform for expansion. As the leader in the custom nutraceutical market, we believe Vitaquest is well positioned to continue its strong growth trajectory as the supplier of choice to third parties as well as to other companies within CK Life Sciences and the broader Cheung Kong Group.”
“We look forward to our partnership with the team at CK Life Sciences and believe that we will benefit greatly from their vast resources and international presence,” said Mr. Frankel of Vitaquest. “This is an exciting next step for our company.”
About CK Life Sciences Int’l.
CK Life Sciences is listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong and is engaged in identifying needs and developing revolutionary biotechnology solutions for the improvement of human health and environmental sustainability.
About Vitaquest
Founded in 1977 and based in West Caldwell, NJ, Vitaquest International LLC is a leading value-added custom contract manufacturer and multi-channel distributor of specialty nutritional and nutraceutical products in the U.S. The Company has a unique business model that leverages its product development, manufacturing and distribution capabilities to provide a complete solution for its customers.
Vitaquest International LLC
CONTACT: Dan Jacobs, +1-212-232-2222, djacobs@broadgate.com, for VitaquestInternational LLC
