InterHealth Nutraceuticals, which develops and markets branded nutraceutical ingredients, has been acquired by Kainos Capital, LLC, a Dallas-based private equity firm focused on the consumer products sector, primarily in the food category. The supplier of functional ingredients for the dietary supplements, functional food and beverage, pet health and cosmeceutical finished products marketplace said the acquisition is part of along-term growth strategy and should help the company expand globally.
"Finding a capital partner was always a part of the long-term growth strategy for InterHealth," said Paul Dijkstra, CEO of InterHealth. "The partnership with Kainos significantly strengthens our ability to supply existing and new customers and should enable us to aggressively expand our portfolio of speciality branded ingredients through strategic partnerships and acquisitions."
Dijkstra called Kainos the perfect partner for growth. Kainos first entry into this industry and with ingredient suppliers was with Milk Specialties," he noted. "This experience combined with Kainos interest in InterHealths growth, opportunity and management team will ensure company growth.
Andrew Rosen, managing partner of Kainos Capital, praised InterHealth's management team and commitment to science-based product development, quality and customer service. "InterHealths portfolio of branded functional ingredients is supported by strong clinical data and addresses functional end markets that have compelling and enduring growth dynamics."
The addition of InterHealth brings another ingredient supplier to Kainos Portfolio, which largely features branded finished food products such as Earthbound Farm, McCann's Irish Oatmeal and Ghirardelli Chocolate, as well as private label food brands.