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.
Location
Connecticut, United States
Transaction Type
Buyout

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