OREANDA-NEWS. Lonza announced today that it has agreed to acquire InterHealth Nutraceuticals, Inc. (“InterHealth”), a leader in research, development, manufacture and marketing of value-added nutritional ingredients for use in dietary supplements, based in Benicia, CA (USA). InterHealth is a portfolio company of Kainos Capital.

“With this acquisition Lonza is taking a further step along our strategic path as a high-value supplier to the healthcare continuum,” said Richard Ridinger, Lonza’s Chief Executive Officer. “Lonza will leverage the successful product portfolio of InterHealth on a global level and in turn will be able to benefit from InterHealth’s proven management and branding capabilities to promote Lonza’s existing product portfolio. We see significant positive synergies from this combination.”

InterHealth offers more than 15 branded ingredients, including its cornerstone ingredient, UC-II, which is revolutionizing the joint-health segment; and it complements Lonza’s existing nutritional portfolio in the area of sports nutrition, weight management, immune health and pet health. The acquisition will also expand Lonza’s offerings into new areas such as cognitive and diabetic health.

Lonza will acquire InterHealth for a total transaction price of up to USD 300 million, representing a multiple of approximately ten times InterHealth’s EBITDA for the twelve months ended July 2016, split into an upfront payment and an earn-out payment. Closing is expected to take place in September 2016 following customary closing conditions. The transaction is expected to be immediately accretive to Lonza’s earnings.

About Lonza

Lonza is one of the world’s leading and most-trusted suppliers to the pharmaceutical, biotech and specialty ingredients markets. We harness science and technology to create products that support safer and healthier living and that enhance the overall quality of life.

Not only are we a custom manufacturer and developer, Lonza also offers services and products ranging from active pharmaceutical ingredients and stem-cell therapies to drinking water sanitizers, from the vitamin B3 compounds and organic personal care ingredients to agricultural products, and from industrial preservatives to microbial control solutions that combat dangerous viruses, bacteria and other pathogens.

Founded in 1897 in the Swiss Alps, Lonza today is a well-respected global company with more than 40 major manufacturing and R&D facilities and approximately 9,800 full-time employees worldwide. The company generated sales of CHF 3.8 billion in 2015 and is organized into two market-focused segments: Pharma&Biotech and Specialty Ingredients.