Add-on Acquisition • Food

Reckitt Benckiser Group Acquires Schiff Nutrition International

On November 21, 2012, Reckitt Benckiser Group acquired food company Schiff Nutrition International from TPG for 1.4B USD

Acquisition Context
  • This is Reckitt Benckiser Group’s 1st transaction in the Food sector.
  • This is Reckitt Benckiser Group’s 5th largest (disclosed) transaction.
  • This is Reckitt Benckiser Group’s 4th transaction in the United States.
  • This is Reckitt Benckiser Group’s 1st transaction in Utah.

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M&A Deal Summary

Date November 21, 2012
Target Schiff Nutrition International
Sector Food
Buyer(s) Reckitt Benckiser Group
Sellers(s) TPG
Deal Type Add-on Acquisition
Deal Value 1.4B USD

Target Company

Schiff Nutrition International

Salt Lake City, Utah, United States
Schiff Nutrition International develops, manufactures, markets and distributes branded and private label vitamins, nutritional supplements and nutrition bars in the U.S. and throughout the world. The company offers a broad range of capsules, tablets and nutrition bars through a portfolio of recognized brands, including Move Free, Schiff Vitamins, MegaRed, Tiger's Milk and Fi-Bar, and is primarily marketed through mass markets (including club stores), and, to a lesser extent, health food stores.
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Buyer Overview 1

Buyer

Reckitt Benckiser Group

Slough, United Kingdom

Category Company
Founded 1819
Sector Consumer Products
Employees37,900
Revenue 14.2B GBP (2024)
DESCRIPTION

Reckitt Benckiser Group is a global consumer health and hygiene company. Reckitt Benckiser Group has operations in over 60 countries and its health, hygiene and home portfolio is led by global brands that include Nurofen, Strepsils Gaviscon, Mucinex, Durex, Scholl, Clearasil, Lysol, Dettol, Veet, Harpic, Cillit Bang, Mortein, Finish, Vanish, Calgon, Air Wick, Woolite and French’s. Reckitt Benckiser was founded in 1819 and is based in Slough, United Kingdom.


Deal Context for Buyer #
Overall 10 of 17
Sector: Food 1 of 2
Type: Add-on Acquisition 5 of 7
State: Utah 1 of 1
Country: United States 4 of 8
Year: 2012 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-11 Paras Pharmaceuticals

Gurgaon, India

Paras Pharmaceuticals Ltd. is a health and personal care company in India.

Buy $724M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-22 Golong Medicine

China

Golong Medicine, a traditional Chinese medicine manufacturer known for sore-throat remedies.

Buy -

Seller Profile 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


Deal Context for Seller #
Overall 93 of 278
Sector: Food 2 of 7
Type: Add-on Acquisition 44 of 96
State: Utah 1 of 2
Country: United States 69 of 200
Year: 2012 15 of 15
Size (of disclosed) 35 of 74
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-02 Novolex

Charlotte, North Carolina, United States

Novolex is a manufacturer of paper and plastic flexible packaging products. Novolex serves customers across foodservice, grocery, retail, and industrial end markets with a diverse product portfolio including retail and specialty bags, food packaging products, and a broad range of specialty films and laminated products. Novolex was founded in 2003 and is headquartered in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-27 FleetPride

Irving, Texas, United States

FleetPride is an independent distributor of aftermarket heavy-duty truck and trailer parts in the United States. FleetPride was founded in 1975 and is based in Irving, Texas.

Buy $1.0B