Nellson Nutraceutical Expands with Salt Lake City, Utah Operation
12/07/2017
Genysis, a Salt Lake City-based manufacturer of functional powders, will operate as a subsidiary of Nellson. The combined company will have five manufacturing and R&D facilities, offering greater capabilities to customers both in the U.S. and Canada, as well as internationally.
Adam Schwinghammer, President of Genysis, who will stay on as a key member of the executive management team, said, “We are excited about merging with Nellson and capitalizing on the respective strengths of the two companies in order to benefit our current and prospective customers.”
Genysis affiliates Dyad Labs (formerly Genysis Labs) and Sensapure Flavors have been spun out as independent entities and are not included in the transaction.
According to company officials, business combination strengthens Nellson’s powder production capabilities, expands its product lines and channels, and diversifies its customer mix.
“The combination with Genysis, together with the recent opening of our state-of-the-art bar-making facility in Ontario, California further strengthens Nellson’s position as a strategic partner of choice within the fast-growing nutritional bar and functional powders sectors,” said Jamie Better, CEO of Nellson.
“This acquisition replicates in powders what we achieved in bars three years ago through our acquisition of Multibar, as it combines two respected functional powder manufacturers to create the clear category leader with remarkable capabilities in new product development and best-in-class manufacturing,” Better said.
Nellson is a portfolio company of Kohlberg & Company, L.L.C (Kohlberg), a leading private equity firm headquartered in New York. Seth H. Hollander, Partner at Kohlberg, commented, "Since our acquisition of Nellson in 2013, we have been focused on identifying acquisitions as a means to grow and expand our capabilities, product offering and customer base. Genysis represents a key step toward that end." Hollander added, "Nellson and Genysis are highly complementary businesses, and we are pleased to capitalize on this unique opportunity to create a larger, more diversified company capable of better serving our combined customer bases."
Project Announcements
Geartek Expands Corinth, Mississippi, Production Operations
05/03/2024
Bekaert Expands Van Buren, Arkansas, Production Operations
05/03/2024
ESS Technologies Expands Montgomery County, Virginia, Operations
05/02/2024
Martin’s Famous Potato Rolls and Bread Expands Franklin County, Pennsylvania, Operations
05/02/2024
StandardAero Expands Augusta, Georgia, Operations
05/02/2024
Nextracker-JM Steel Expand Leetsdale, Pennsylvania, Operations
05/01/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024