Guardion Health Sciences Acquires Activ Nutritional, LLC (Viactiv) from Adare Pharmaceuticals
May 18, 2021
Guardion Health Sciences, Inc. agreed to acquire all equity of Activ Nutritional, LLC — owner of the Viactiv supplement brand — from Adare Pharmaceuticals, Inc. for $26.0 million in cash (subject to adjustments). The acquisition is intended to strengthen Guardion's clinical nutrition product portfolio, expand its presence in the retail and e-commerce supplement market, and provide an immediate boost to revenue and operating earnings.
- Buyers
- Guardion Health Sciences, Inc.
- Targets
- Activ Nutritional, LLC
- Sellers
- Adare Pharmaceuticals, Inc.
- Industry
- Consumer Products
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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