CORAL GABLES, Fla.--(BUSINESS WIRE)--
MBF Healthcare Partners, L.P. (“MBF”), a healthcare-focused private
equity firm, announced today the sale of one of its portfolio companies,
FDC Vitamins, LLC, doing business as Nutri-Force Nutrition
(“Nutri-Force”), to Vitamin Shoppe, Inc. (NYSE: VSI, “Vitamin Shoppe”),
a leading multi-channel specialty retailer of nutritional products.
MBF partnered with Nutri-Force’s management team in 2007 to build one of
the nation’s leading and fastest growing manufacturers to the
nutritional products industry.
“We were fortunate to partner with a terrific management team, led by
CEO Anthony Alfonso, to build Nutri-Force into a market leader,” said
MBF Chairman Miguel “Mike” Fernandez. “Working with management, MBF
developed and executed a strategic plan that expanded Nutri-Force’s
manufacturing capabilities and added new branded products to its
“MBF has been instrumental in our company’s success,” said Nutri-Force
CEO Anthony Alfonso. “MBF has been a great partner, and we are excited
to work with Vitamin Shoppe to continue supporting our customers with
niche manufacturing products and turnkey solutions.”
Houlihan Lokey acted as financial advisor to Nutri-Force and Holland &
Knight served as legal counsel. Stifel acted as financial advisor to
Vitamin Shoppe and K&L Gates LLP served as legal counsel.
About MBF Healthcare Partners, L.P.:
MBF Healthcare Partners, L.P. (“MBF”) is an industry-focused private
equity firm dedicated to the healthcare sector that invests in leveraged
buyouts, growth capital investments and recapitalizations. The
Principals of MBF have substantial operating experience in healthcare
and have held senior management positions in both private and
publicly-traded healthcare companies. MBF principals have managed and
helped build some of the nation’s most innovative and successful
healthcare companies. The firm is headquartered in Coral Gables,
Florida. For more information, please visit www.mbfhp.com.
About Nutri-Force Nutrition:
Headquartered in Miami Lakes, Nutri-Force provides custom manufacturing,
private label and re-packaging services for a wide range of both
domestic and international customers within its 215,000 square foot cGMP
certified facility. The company has been a successful leader in the
production of private label nutritional supplements and vitamins as well
as developing and marketing products under its own labels Nutri-Force
Sports and Betancourt. The company has expertise in production of soft
gels, tablets, powders and capsules. Nutri-Force also works closely with
its customers in developing and manufacturing new products.
About the Vitamin Shoppe, Inc. (NYSE:VSI)
Vitamin Shoppe is a leading multi-channel specialty retailer of
nutritional products based in North Bergen, New Jersey. In its stores
and on its website, the Company carries one of the most comprehensive
retail assortments in the industry, including vitamins, minerals,
specialty supplements, herbs, sports nutrition, homeopathic remedies,
green living products, and beauty aids. In addition to offering 900
national brand products, the Vitamin Shoppe also exclusively carries
products under The Vitamin Shoppe®, BodyTech®, True Athlete®,
MyTrition®, plnt™, ProBioCare™ and Next Step™ brands. The Vitamin Shoppe
conducts business through more than 660 company-operated retail stores
under The Vitamin Shoppe, Super Supplements and Vitapath retail banners,
and primarily through its websites, www.VitaminShoppe.com
Follow The Vitamin Shoppe on Facebook at http://www.facebook.com/THEVITAMINSHOPPE
and on Twitter at http://twitter.com/VitaminShoppe.
Jorge Rico, 305-476-5160
Source: MBF Healthcare Partners, L.P.