UK nutritional supplements manufacturer Bee Health has been purchased by the US-based company Innovations in Nutrition + Wellness (INW) for an undisclosed amount.
Originally founded by Steve and Bea Ryan in 1992 as a specialized producer of bee-derived nutritional ingredients, Bee Health now employs over 350 staff and manufactures tablets, capsules, liquids and softgels for global brands in over 40 countries at its state-of-the-art facility in East Yorkshire.
INW, which provides custom R&D, manufacturing and marketing solutions for global brands in the nutrition and wellness industry, was simultaneously acquired from Rosewood Private Investments by a group of investors led by private investment firm Cornell Capital LLC.
The partnership with INW will place Bee Health at the forefront of the health and wellness market
“INW’s and Cornell Capital’s interest in Bee Health is a testament to both the strength of the company we have built and the significant value creation potential ahead,” comments Jan Fletcher OBE, chairman of the UK firm. “With an incredible team of dedicated employees, we have built a leading UK manufacturing business that will now form a key part of an ambitious global company. The partnership with INW will place Bee Health at the forefront of the health and wellness market and Steve and I could not be prouder and more excited about the future of the company.”
“After 27 years of innovation and development we are delighted to find the right partners with a shared vision that will further assist our growth,” adds Ryan. “I’m confident that our partnership with INW gives Bee Health enormous potential.”
Commenting on the move, INW CEO Gary Giles says: “At INW, we aim to deliver breakthrough innovation to top tier customers in the evolving health and wellness market and to enable our brand partners’ success. Today’s announcements are an exciting next step in our journey. Our partnership with Bee Health is a key advancement in our ongoing efforts to expand our product offerings, broaden our geographic footprint and expand and diversify our customer base. The combined company will benefit from Cornell Capital’s expertise and world-class resources, ensuring we are better positioned than ever to deliver on our mission of being the world’s best solutions partner to the global nutrition and wellness industry.”