SAN FRANCISCO–(BUSINESS WIRE)–Encore Consumer Capital, a private equity firm that invests exclusively in leading consumer products companies, has completed the sale of The Isopure Company, LLC, to Glanbia plc, the Ireland-based global performance nutrition and ingredients company, for $153 million.
Robert Brown, managing director of Encore Consumer Capital, said, “Isopure’s founder Hal Katz decided to bring on a strategic and financial partner in 2007, and Encore was well positioned to help the company grow. We could not be more proud of what the team has accomplished in building the premier brand in protein-based sports nutrition.”
“Encore provided strategic guidance and unwavering confidence in our team to execute our vision,” said Hal Katz, Founder and now-retired CEO of Isopure. Katz added, “Over thirty years we built a high-performance culture and special brand based on quality and authenticity. We are delighted to see those things valued by a company as highly regarded as Glanbia.” Isopure will continue to be led by President Chris Hickey as part of Glanbia Performance Nutrition. “Glanbia is the perfect partner to accelerate our expansion into new products and new markets,” commented Hickey.
Sawaya Segalas & Co. LLC provided strategic and financial advisory services to Isopure. Latham and Watkins, LLP acted as legal counsel to Isopure.
About Encore Consumer Capital
Encore Consumer Capital is a San Francisco-based private equity investment firm focused on the consumer products industry. The firm has raised nearly $400 million in equity capital and invested in 17 companies. Encore’s current and prior investments include food and beverage companies (Aidells Sausage Company, Ancient Harvest, Brownie Brittle, California Splendor, Isopure, JuiceTyme, Mesa Foods), personal care products companies (butter LONDON, MyChelle Dermaceuticals, tarte cosmetics), and pet products companies (ThunderWorks, Zuke’s), among others. The firm targets companies with between $10 million and $100 million in annual revenues where Encore’s strong operating expertise in strategy development, brand marketing and distribution expansion can help drive performance. For more information please visit www.encoreconsumer.com.
About Isopure
The Isopure Company, LLC is a leading marketer of premium, protein-based sports nutrition products. Isopure’s uncompromising focus on the highest-quality ingredients is increasingly recognized by consumers world-wide, resulting in growth that has consistently outpaced the category. Isopure offers ready-to-drink beverages and protein powders formulated with the highest quality whey protein isolates, as well as other sports nutrition products. For additional information please visit www.TheIsopureCompany.com.
About Glanbia
Glanbia plc is a global performance nutrition and ingredients group with leading market positions in sports nutrition, cheese, specialty dairy and non-dairy ingredients and micronutrient premixes. The Group is comprised of four business segments – Global Performance Nutrition, Global Ingredients, Dairy Ireland and Joint Ventures & Associates. The Group employs over 5,000 people in 32 countries. Glanbia shares are listed on the Irish and London Stock exchanges (LSE:GLB). Glanbia’s Global Performance Nutrition segment is the global leader in sports nutrition with a direct presence in 19 countries worldwide and product sales in more than 100 countries. Its brand portfolio includes Optimum Nutrition, BSN, ABB and Nutramino. Global Performance Nutrition’s portfolio of products covers all key sports categories including protein, muscle gainers and builders, pre-workout and general health.