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Canada's Jamieson Laboratories to be sold to CCMP Capital Advisors

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January 28
11:08 AM 2014

CCMP Capital Advisors Llc will be buying Canada-based Jamieson Laboratories. In a statement about the deal, Jamieson Laboratories said that Vauban International Investments ULC and Maginot Corporation have inked an agreement with CCMP Capital Advisors for the sale of the vitamins, minerals and nutrition supplements provider. The two companies are wholly owned by Eric Margolis, the Chairman of Jamieson Laboratories. Financial details of the transaction were not disclosed.

Founded in 1922, Jamieson is the biggest manufacturer and distributor of natural health products and a developer of supplement formulas in Canada. It makes its products in its laboratories in Windsor, Ontario and exports them to over 50 countries.

CCMP Capital Advisors, meanwhile, focuses in middle market buyouts and growth equity investments from $100 million to $500 million in the consumer, industrial, energy and healthcare industries. Its investments include ARAMARK Corporation, Chaparral Energy, Infogroup, Jetro Holdings, LHP Hospital Group, Medpace, Milacron, Newark Energy, Ollie's Bargain Outlet and Pure Gym.

The transaction is expected to close at the end of this month. Margolis will still act as the Chairman of the board of directors of Jamieson and will be the consultant for the firm. Jamieson CEO Vic Neufeld will still head the company and will be working closely with CCMP Executive Advisor Doug Cahill. When the transaction is completed, Cahill will serve as a Jamieson consultant. He will also be the Chairman of the company's Executive Committee, the statement said.

CCMP Managing Director Rich Zannino said in the statement, "Jamieson has built an outstanding reputation for quality, purity and innovation since its founding 92 years ago, and has now established its position as the market leader in Canada with a diverse portfolio of innovative formulas. We see tremendous opportunities to grow Jamieson's footprint in the $30 billion global VMS market, and look forward to working with the many talented people at Jamieson to provide the Company's valued customers with the world's best VMS offerings." 

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