M&A Deal Summary

Argan Acquires Vitarich Laboratories

On September 6, 2004, Argan acquired consumer products company Vitarich Laboratories for 12M USD

Acquisition Highlights
  • This is Argan’s 1st transaction in the Consumer Products sector.
  • This is Argan’s largest (disclosed) transaction.
  • This is Argan’s 2nd transaction in the United States.
  • This is Argan’s 1st transaction in Florida.
Investment Fate
  • Vitarich Laboratories was divested to a consortium of strategic buyers in 2011 for 3M USD.

M&A Deal Summary

Date 2004-09-06
Target Vitarich Laboratories
Sector Consumer Products
Buyer(s) Argan
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

Vitarich Laboratories

Naples, Florida, United States
Vitarich Laboratories is an integrated manufacturer of nutraceutical products including nutritional and whole-food dietary supplements.

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Buyer(S) 1

Buyer

Argan

Rockville, Maryland, United States

website


Category Company
Founded 1961
Sector Construction
Employees1,358
Revenue 509M USD (2022)
DESCRIPTION

Argan is a provider of engineering, procurement, construction, commissioning, maintenance, and consulting service. Argan energy plants include simple and combined cycle natural gas-fired power plants as well as alternative energy facilities including biodiesel, ethanol, and those powered by renewable energy sources such as wind and solar. Argan was founded in 1961 and is based in Rockville, Maryland.


DEAL STATS #
Overall 2 of 5
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (Florida) 1 of 1
Country (United States) 2 of 4
Year (2004) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-17 Southern Maryland Cable

Tracys Landing, Maryland, United States

Southern Maryland Cable, Inc. provides communications infrastructure installation and utility construction services to commercial customers and agencies of the United States federal government.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-21 Gemma Power Systems

Glastonbury, Connecticut, United States

Gemma Power Systems is a power plant builder serving New England. The Company provides development, construction, startup, operation, and maintenance services.

Buy -