Source: bevnet.com
The Healthy Brands Collective Corp. has acquired Living Harvest Foods, a hemp products company that makes a leading brand of hemp milk, Tempt.
Living Harvest is the fourth acquisition by Healthy Brands Collective, which is an acquisition-oriented company formed by Cell-Nique founders Dan and Donna Ratner. The company also owns hibiscus soda brand Ooba, food-allergy sensitive baking company Cherrybrook Kitchen and snack food company Yumnuts.
Living Harvest had nearly $5 million in annual sales when it was selected as number 777 in the Forbes 1000; the company boosts Healthy Brands Collective revenues to nearly $10 million. The acquisition company announced plans to go public in 2010 but has not done so yet — it has more deals in process and is in the middle of its “quiet period” before a late 2012 or early 2013 IPO.
Cell-Nique was introduced by the Ratners in 2006 after an earlier career in health care investment. The company announced in March that it was forming Healthy Brands Collective as a corporate entity to acquire health-oriented CPG companies that had similar routes to market and potential sales and distribution synergies.
Silverwood Partners represented Living Harvest in the transaction, making it the fourth beverage investment the company has shepherded in 2012.
I look forward to their IPO - it would greatly enhance their profits it the hemp were grown in the US - and their IPO! There is a petition up to make hemp legal so companies like this in the US can make a profit - www.minawear.com/about-us
ReplyDeleteBTW, some day Minawear may have her own IPO!