M&A Deal Summary

Innophos Acquires Novel Ingredients

On August 1, 2017, Innophos acquired consumer products company Novel Ingredients from GenNx360 Capital Partners for 125M USD

Acquisition Highlights
  • This is Innophos’ 1st transaction in the Consumer Products sector.
  • This is Innophos’ largest (disclosed) transaction.
  • This is Innophos’ 4th transaction in the United States.
  • This is Innophos’ 2nd transaction in New Jersey.

M&A Deal Summary

Date 2017-08-01
Target Novel Ingredients
Sector Consumer Products
Buyer(s) Innophos
Sellers(s) GenNx360 Capital Partners
Deal Type Add-on Acquisition
Deal Value 125M USD
Advisor(s) Winston & Strawn (Legal)

Target

Novel Ingredients

East Hanover, New Jersey, United States
Novel Ingredients is a New Jersey-based provider of dietary supplement ingredient solutions. For over 15 years, Novel Ingredients has established a standard of excellence in the distribution of premium botanical ingredients.

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Buyer(S) 1

Buyer

Innophos

Cranbury, New Jersey, United States

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

Innophos 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 was founded in 2004 and is based in Cranbury, New Jersey.


DEAL STATS #
Overall 4 of 5
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 4 of 5
State (New Jersey) 2 of 2
Country (United States) 4 of 5
Year (2017) 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Triarco Industries

Wayne, New Jersey, United States

Triarco manufactures high quality custom ingredients for the food, beverage, dietary supplement and nutraceutical industries for more than 30 years. Triarco specializes in botanical and enzyme based ingredients that provide important benefits in growing markets such as sports nutrition, dietary supplements and fortified beverages.

Buy $46M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 NutraGenesis

Brattleboro, Vermont, United States

NutraGenesis LLC is a manufacturer of proprietary, branded and science-backed nutraceutical ingredients. NutraGenesis LLC was founded in 2003 and is based in Brattleboro, Vermont.

Buy $28M

Seller(S) 1

SELLER

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 4 of 16
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 4 of 8
State (New Jersey) 1 of 1
Country (United States) 3 of 14
Year (2017) 3 of 4
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 Truck Bodies & Equipment International

Eden Prairie, Minnesota, United States

Truck Bodies & Equipment International, Inc. is a U.S. manufacturer of dump truck bodies and trailers. TBEI has successfully built a portfolio of strong brands, which currently occupy premier market share positions in their respective product categories, through a combination of an intense focus on operational excellence, a comprehensive distribution strategy, and continuous attention to its customers’ primary requirements for a high-quality product and short lead times.

Sell $270M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-09 Tooling Tech Group

Fort Loramie, Ohio, United States

Tooling Tech Group is a supplier of high-quality tooling for a variety of material forming processes including: thermoforming, twin-sheet and single-sheet vacuum forming, pressure forming, compression molding, rotational molding, blow molding, resin transfer molding, rubber and polyurethane molding, carpet and metal stamping, foundry tooling and pulp molding. The full range of in-house capabilities, including patterns, models, cast tooling, finishing, CNC machining as well as design and engineering, provides customers with a complete, one-stop solution for their tooling needs. Tooling Tech Group was formed in 1982 and is based in Fort Loramie, Ohio.

Sell -