Press release | Richter advises NutraBlend Foods in the sale of its North American operations
Richter Advisory Group Inc. is pleased to have assisted NutraBlend Foods Inc. and NutraBlend Foods, LLC (collectively “Nutrablend”), each a subsidiary of the Grober Group, in the sale of substantially all of its operations to an affiliate of Blendtek Fine Ingredients Inc. Established in 1999, NutraBlend is a leading manufacturer specializing in private labelling, research and new product development in the sports nutrition and nutraceutical markets. This transaction highlights Richter’s leadership and track record for finding solutions to complex problems for its clients. The transaction was led by Partners Paul van Eyk and Pritesh Patel of our Toronto office.
Richter was retained by the Grober Group to explore strategic alternatives, including a potential sale of certain of its subsidiaries. Leveraging its experience in transactions, in conjunction with Gowling WLG (Canada) LLP, Richter led the successful negotiation and sale of all of the Canadian and U.S. businesses of NutraBlend to NBF Holdings, an affiliate of Blendtek Fine Ingredients. The transaction brought together two highly complementary businesses, both recognized as innovators in food manufacturing.
Richter Advisory Group Inc. is a boutique financial advisory services firm that specializes in assisting high net-worth families, companies and their stakeholders in completing complex transactions. We provide our clients with comprehensive advisory services in the areas of mergers and acquisitions, financial restructurings, valuations, litigation and turnaround advisory. Richter is a leader in the industry and has a proven track record of assisting companies, private equity firms, financial institutions and other stakeholders in the context of a variety of transactions and complex situations.