Carnaby-based Bee Health acquired by US company INW (Innovations in Nutrition and Wellness)
Bee Health, the Carnaby-based manufacturer of nutritional supplements, has been acquired by INW (Innovations in Nutrition and Wellness).
INW is a US company that is a specialist in custom R&D, manufacturing and marketing support solutions for global brands that serve the fast-growing nutrition and wellness industry.
In a simultaneous transaction INW was acquired from Rosewood Private Investments by a group of investors led by private investment firm Cornell Capital LLC.
Terms of the transactions have not been disclosed.
Bee Health was founded by Steve and Bea Ryan in 1992 as a specialised producer of bee-derived nutritional ingredients and was joined two years later by entrepreneur Jan Fletcher OBE.
From its state-of-the-art facility on the industrial estate, the company now employs over 350 staff and specialises in producing tablets, capsules, liquids and softgels for some of the largest global brands in more than 40 countries.
Jan Fletcher OBE, chairman of Bee Health, said: “INW’s and Cornell Capital’s interest in Bee Health is a testament to both the strength of the company we have built and the significant value creation potential ahead.
“The partnership with INW will place Bee Health at the forefront of the health and wellness market and Steve and I could not be prouder and more excited about the future of the company.”
Founder of Bee Health Steve Ryan said: “After 27 years of innovation and development we are delighted to find the right partners with a shared vision that will further assist our growth. I’m confident that our partnership with INW gives Bee Health enormous potential.”
Chief executive officer of Bee Health Lewis Ryan added: “We look forward to continuing to build on our incredibly strong momentum as we partner with INW and Cornell Capital to bring together these two highly complementary businesses for the benefit of all stakeholders.”