[9/30/2005] NutraCea and RiceX Shareholders Approve Merger by Substantial Margins
NutraCea(R) (NTRZ), and The RiceX Company (RICX), announced that their respective stockholders have approved matters relating to the proposed merger between the two companies.
[9/26/2005] Lane Labs Acquires Tokyo Supplement Company
US-based supplement company has finalized its agreement to acquire Japan-based ingredient distributor 3 A Calcium Kabushiki Kaisha and has appointed Yoshiki Kamata, as general manager of 3A Calcium KK. The agreement allows Lane products to be directly available in Japan.
[9/21/2005] IdeaSphere Terminates Agreement to Purchase Metabolife Assets
US-based supplement company IdeaSphere, Inc. (ISI) has announced that it has invoked termination rights to its asset purchase with Metabolife International Inc., citing breaches of provisions by Metabolife, and Ideasphere's desire to restructure the agreement.
[9/21/2005] USANA Acquires Manufacturing Facility in China
US-based direct-marketing company has announced the purchase of a personal care facility in China in a cash transaction. Terms and details were not disclosed.
[9/12/2005] Robinson, Thors, Patsky Purchase Winslow Management Company
US-based small-cap firm Winslow Management Company has announced that three employees have purchased ownership of the firm from Adams Harkness, a Boston-based investment-banking firm. The new owners are Jackson W. Robinson, President and founder, and Portfolio Managers Elizabeth Cluett Thors and Matthew W. Patsky. Robinson and Patsky also co-manage the Winslow Green Growth Fund (WGGFX), a green, small-cap growth fund.
[9/9/2005] Cargill Buys Degussa Food Ingredients
According to several news sources, US-based Cargill Inc. is set to buy the Food Ingredients Unit of Degussa AG for 540 million euros ($671 million) to expand its offerings to food and beverage makers. According to Reuters the Food Ingredient Unit had 2004 sales of 441 million euros and had over 2,000 employees, with EBITDA of 48.9 million euros. The price works out to 11 times EBITDA, compared to a 13.6 times multiple for a food ingredient sale by Chr. Hansen earlier this year. For almost a year, Degussa has been shopping the business, earlier this year divesting the fruit preparation side. The current transaction is contingent on the approval of the Degussa Board and the relevant regulatory authorities.