Innophos to buy Novel Ingredients | August 7, 2017 Issue - Vol. 95 Issue 32 | Chemical & Engineering News
Volume 95 Issue 32 | p. 12 | Concentrates
Issue Date: August 7, 2017

Innophos to buy Novel Ingredients

Department: Business
Keywords: mergers and acquisitions, consumer products, nutritional supplements

The specialties firm Innophos will acquire Novel Ingredients, a New Jersey-based maker of dietary supplement ingredients, for $125 million in cash. The move is part of Innophos’s strategy to grow its food, health, and nutrition portfolio. The company named megatrends such as health and wellness, energized aging, and clean labels as drivers for the deal. Novel Ingredients had revenues of $100 million, growing at 19% per year. The company, with 100 employees, supplies botanicals, proteins, amino acids, and customized formulations.

 
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