Probi Acquisition of Nutraceutix Completed
04 Oct 2016 --- After signing the asset purchase agreement to acquire the operations of Nutraceutix back in June, Probi’s acquisition of Nutraceutix has now been completed.
The acquisition will see the new company sporting the Probi name, but marketing both the Probi and Nutraceutix brands.
“Together, Probi and Nutraceutix will become one of the top global players in probiotics and offer top-tier competitive advantages gained by the integration of strong R&D and delivery technologies, global business development and turnkey manufacturing capabilities,” says Peter Nählstedt, CEO of Probi.
The two companies hope an exciting new position will be secured by the new entity, with promising potential for core business growth and new development in the probiotic market – both in the US and globally.
They also claim that existing Probi and Nutraceutix’ suppliers and partners will benefit from a new global footprint and broader distribution channels, new research, development and project opportunities, strong expected business growth, and continued strategic relationships with the new company.
The two companies have started the integration project and are aiming to implement a rapid and productive integration.
This week, Probi and Nutraceutix will be present together at Supply Side West, in Las Vegas in order to meet with existing and potential customers and suppliers.
