Founded in 1989, Capstone is described as a full-service developer and producer for established and rising wellness manufacturers throughout a variety of well being situations. The firm focuses on capsules, tablets and powder merchandise, and its 300,000-square-foot manufacturing facility is likely one of the largest within the diet trade.
As reported earlier this year by NutraIngredients-USA, INW itself was acquired by funding agency Cornell Capital LLC. INW has contract manufacturing amenities in 4 states.
Under the prior possession of Rosewood Private Investments, INW had acquired contract producers ProTec Laboratory and Healthy Natural Inc. The firm now advertises manufacturing capabilities in a number of supply types together with powders, liquids, capsules, tablets, meals bars, and topical merchandise.
Coinciding with the Cornell acquisition announcement, INW stated it had acquired Bee Health, a number one developer and producer of dietary dietary supplements within the UK.
The new consolidated contract producer will likely be led by Jared Leishman, Capstone’s present Chief Executive Officer.
“We are excited to affix the INW household and speed up progress by leveraging our progressive capabilities, operational flexibility and blue-chip buyer relationships as a part of this increasing international platform,” stated Leishman.
“Combining our two complementary companies will proceed to strengthen INW as a world-class turnkey service supplier of differentiated merchandise throughout the nutritional vitamins, minerals and dietary supplements classes. I’m assured that collectively we are able to improve our place as a number one supplier of progressive, customer-focused options for the fashionable well being and wellness trade.”
Justine Cheng, Partner at Cornell Capital, added: “This transaction positions INW as a number one, full-service platform on this fragmented and high-demand phase of the well being and wellness market. Capstone’s experience throughout quite a lot of product types and elements, extremely versatile infrastructure and 30-year historical past of high quality and effectivity as a trusted model accomplice are spectacular.
“We sit up for partnering with Jared and the remainder of Capstone’s skilled workforce to share greatest practices and drive continued progress at INW throughout an expanded operational and buyer footprint.”
Terms of the personal transaction weren’t disclosed.
Guggenheim Securities, LLC is performing as monetary advisor to INW and Cornell Capital, and Weil, Gotshal & Manges LLP is performing as authorized advisor. Jefferies LLC and BMO Capital Markets Group are performing as monetary advisors to Capstone, and Fredrikson & Byron P.A. and Kirkland & Ellis LLP are performing as authorized advisors.