M&A Deal Summary

Innophos Holdings. Acquires Kelatron

On November 2, 2011, Innophos Holdings. Inc. acquired food company Kelatron Corp. from First Analysis and Hadley Capital for 21M USD

Acquisition Highlights
  • This is Innophos Holdings.’s 1st transaction in the Food sector.
  • This is Innophos Holdings.’s 5th largest (disclosed) transaction.
  • This is Innophos Holdings.’s 1st transaction in the United States.
  • This is Innophos Holdings.’s 1st transaction in Utah.

M&A Deal Summary

Date 2011-11-02
Target Kelatron Corp.
Sector Food
Buyer(s) Innophos Holdings. Inc.
Sellers(s) First Analysis
Hadley Capital
Deal Type Add-on Acquisition
Deal Value 21M USD

Target

Kelatron Corp.

Ogden, Utah, United States
website
Kelatron Corp. manufactures and markets mineral nutrients in varied chemical and chelated forms worldwide for sale in the nutritional supplement, nutraceutical and health food segments. Chelation increases bioavailability?the ability of the body to absorb specific minerals.

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Buyer(S) 1

Buyer

Innophos Holdings. Inc.

Cranbury, New Jersey, United States

website


Category Company
Founded 2004
SectorChemicals
Employees1,485
Revenue 802M USD (2018)
DESCRIPTION

Innophos Holdings. Inc. is an international producer of performance-critical and nutritional specialty ingredients, with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. Innophos Holdings was founded in 2004 and is based in Cranbury, New Jersey.


DEAL STATS #
Overall 1 of 5
Sector (Food) 1 of 3
Type (Add-on Acquisition) 1 of 5
State (Utah) 1 of 2
Country (United States) 1 of 5
Year (2011) 1 of 1
Size (of disclosed) 5 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-17 AMT Labs, Inc.

North Salt Lake, Utah, United States

AMT is a manufacturer of high quality custom ingredients for the food, beverage, confectionary and nutraceutical industries for more than 20 years. AMT specializes in mineral ingredients essential to the human diet that are manufactured in various forms, including as chelates, to be easily digested (bioactive).

Buy $27M

Seller(S) 2

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Venture Capital Firm
Founded 1981
PE ASSETS 750M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 48 of 63
Sector (Food) 1 of 1
Type (Add-on Acquisition) 35 of 46
State (Utah) 1 of 1
Country (United States) 48 of 63
Year (2011) 5 of 6
Size (of disclosed) 19 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-12 CSA Medical, Inc.

Lexington, Massachusetts, United States

CSA Medical, Inc. has developed and sells an innovative energy-based medical console that delivers a therapeutic spray of liquid nitrogen to freeze and destroy unwanted tissue in the body. This proprietary interventional platform, the Spray Cryotherapy System, is comprised of a device and specialty catheters that allow delivery of therapeutic doses of the cryogen.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-30 NitroSecurity, Inc.

Portsmouth, New Hampshire, United States

NitroSecurity is an provider in intrusion prevention systems (IPS), one of the fastest-growing network security segments. In contrast to traditional detection methods that react to infiltrations after they've occurred, intrusion prevention systems can proactively block attacks in real time before they enter a corporate network. NitroSecurity combines considerable research and development depth with top-notch sales and marketing talent ? a rare combination for early-stage security entities.

Sell -
SELLER

Hadley Capital

Wilmette, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
SizeSmall
Type Sector Agnostic
DESCRIPTION

Hadley Capital LLC is a private equity firm that targets investments in small, established companies. The Firm looks for businesses generating sales of $5 to $30 million and EBITDA of $1 to $3 million. Hadley Capital seeks opportunities across a variety of industries; including manufacturing, business services, and distribution. Prospective transaction types include acquisitions, leveraged buyouts, management buyouts, recapitalizations, growth capital financings, and industry consolidations. Hadley was formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 9
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Utah) 1 of 1
Country (United States) 2 of 9
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-07 International Specialty Supply LLC

Cookeville, Tennessee, United States

International Specialty Supply LLC is a provider of commercial sprout growing company that manufactures and sells a proprietary line of sprout growing equipment, sells sprout seeds and other growing supplies to commercial sprout growers, and grows and sells sprouts. International Specialty Supply was founded in 1979 and is based in Cookeville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-23 Storeflex Fixture Corp.

Corning, New York, United States

Storeflex Fixture Corp. is a designer and manufacturer of display shelving, walk-in coolers, and ancillary products for supermarkets and specialty retailers. Storflex's core product is modular shelving with high load factors and its core customer base is middle-market supermarkets. Storeflex Fixture was founded in 1992 and is based in Corning, New York.

Buy -