Global botanical products provider Martin Bauer Group has acquired US-based BI Nutraceuticals. Financial details of the deal have not been divulged.
Servicing the beverage, food and dietary supplements industries, the acquisition will enable Martin Bauer Group to possess an extensive portfolio of botanical ingredients and a versatile manufacturing hub.
BI Nutraceuticals president and CEO George Pontiakos said: “We are thrilled to be a part of the nature network and the Martin Bauer Group.
“This represents a significant move forward for us and our combined customer base. The Martin Bauer Group is a family-owned international company with a long history as a manufacturer and supplier of teas, extracts and botanical products going back more than 135 years.
“BI Nutraceuticals will now have access to the global resources of the Martin Bauer Group in the areas of raw materials sourcing, processing technology, liquid extract production and research and development.”
Based in California, US, BI Nutraceuticals manufactures dietary supplement and functional food ingredients for various industries.
With the acquisition of BI Nutraceuticals, Martin Bauer Group intends to build upon its local capabilities including research and development, formulations and manufacturing, as well as the support of its strategy to boost growth in North America.
The combined product portfolio and manufacturing capabilities resulting from the acquisition is expected to create a unique botanical platform in North America, according to the company.
Martin Bauer Group in North America CEO Ennio Ranaboldo said: “The addition of BI Nutraceuticals to our Group buttresses our commitment to reliable, quality, safe and clean label raw materials, meeting increasing demand from our customers and consumers.”
