Vitaco in sale talks
Fairfax Media reports the company has appointed former UBS MD, Quentin Miller, to handle the sale, with the offers believed to be mainly from Asian food companies. The Next Capital-owned company is also understood to be considering an initial public offering.
Vitaco was formed in 2007 following the merger of supplement and sports nutrition manufacturer, Nutra-Life Health and Fitness, and New Zealand-based health food and supplement manufacturer, Healtheries of New Zealand.
Vitaco brands include Nutra-Life, Wagner, Healtheries, Abundant Earth, Balance Sports Nutrition, Aussie Bodies, Bodytrim, and Biolane.
The sale comes after Australia’s largest food maker, Goodman Fielder, was acquired by Singapore agribusiness, Wilmar, and Hong Kong-based investment firm, First Pacific for $1.34 billion in March.