TraceGains Acquires NutriCalc

Paine Schwartz‑Backed HGS BioScience Acquires NutriAg Ltd.

November 5, 2025

Agriculture

HGS BioScience, a Paine Schwartz‑backed bionutritional platform, has acquired NutriAg Ltd., a Toronto‑based crop‑technology and bionutritionals company. The add‑on deal expands HGS’s North American footprint and R&D/capability set in biostimulants and crop nutrition; Cascadia advised on the transaction and financing.

Veralto Acquires TraceGains

October 7, 2024

Cloud & SaaS

Veralto Corporation (NYSE: VLTO) has acquired the holding company that owns TraceGains for $350 million (subject to customary post-closing adjustments). TraceGains is a cloud-based SaaS provider of food and beverage compliance, traceability, and product development workflow solutions (2024 revenue just over $30M, >95% recurring). The acquisition expands Veralto's Product Quality and Innovation offerings (complementary to its Esko business) to accelerate growth and drive cross-sell synergies.

Datacor Acquires LabelCalc

November 6, 2023

Cloud & SaaS

Datacor, Inc. has acquired LabelCalc, an online nutrition analysis and FDA-compliant label generation software product founded in 2008. The acquisition expands Datacor's food & beverage software portfolio and adds nutrition analysis and labeling capabilities to better serve process manufacturers facing regulatory complexity.

CalNutri, Inc. Acquires Assets of Health & Nutrition Technology

June 3, 2022

Food & Beverage

CalNutri, Inc., a Colfax, California-based contract manufacturer and CPG services provider, has acquired the assets of Health & Nutrition Technology (HNT), the maker of the Health One meal replacement and provider of medically supervised weight-management programs. The acquisition transfers the Health One product line and related assets to CalNutri, enabling the buyer to expand its product portfolio, manufacturing and distribution footprint in the health & wellness food segment.

Alimentiv Acquires McDougall Scientific Ltd.

March 2, 2021

Healthcare Services

Alimentiv Health Trust (Alimentiv, Inc.), a specialized gastrointestinal contract research organization (CRO) headquartered in London, Ontario, has acquired McDougall Scientific Ltd., a Toronto-based niche CRO focused on biostatistics, data management, and clinical trial design. The deal brings McDougall's statistical and data-management capabilities into Alimentiv to expand service offerings for pharmaceutical and biotech sponsors while the founder, Janet McDougall, will retire and remain as a consultant during transition.

FoodChain ID Acquires Nutraveris

July 30, 2020

Food & Beverage

FoodChain ID, a Paine Schwartz Partners portfolio company, has acquired Nutraveris, a France-based scientific and regulatory affairs consultancy and AI-driven software provider for the health, nutrition and supplements markets. The acquisition expands FoodChain ID's technology-enabled compliance, claim verification and regulatory capabilities across Europe and strengthens its global food safety, quality and sustainability platform.