Probi AB Acquires Nutraceutix (TNTGamble, Inc.) for USD 105 million
June 6, 2016
Probi AB, via its U.S. subsidiary Probi USA, Inc., signed an asset purchase agreement to acquire the operations of TNTGamble, Inc. (doing business as Nutraceutix) for a preliminary cash purchase price of USD 105 million. The acquisition substantially expands Probi’s North American presence, adds proprietary delivery technology and manufacturing capacity, brings ~200 customers and ~145 employees, and will be financed with cash, a credit facility and a bridge facility to be refinanced by a proposed SEK 600 million rights issue.
- Buyers
- Probi AB, Probi USA, Inc. (subsidiary of Probi AB)
- Targets
- Nutraceutix (TNTGamble, Inc.)
- Sellers
- TNTGamble, Inc.
- Industry
- Biotechnology
- Location
- Washington, United States
- Transaction Type
- Buyout
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