MBF Healthcare Partners, a South Florida healthcare-focused private equity firm, announced Monday the sale of one of its portfolio companies, FDC Vitamins doing business as Nutri-Force Nutrition, to Vitamin Shoppe, a multi-channel specialty retailer of nutritional products.
MBF partnered with Miami Lakes-based Nutri-Force’s management team in 2007 to build one of the nation’s fastest-growing manufacturers for the nutritional products industry, said MBF Chairman Miguel “Mike” Fernandez. “Working with management, MBF developed and executed a strategic plan that expanded Nutri-Force’s manufacturing capabilities and added new branded products to its portfolio,” he said in a statement.
The purchase price is about $85 million and will be paid with available cash, according to Vitamin Shoppe, based in in North Bergen, N.J.
“As part of the Vitamin Shoppe family, Nutri-Force will be thoughtful and disciplined as it grows the business while at the same time leveraging the strengths and scale of the Vitamin Shoppe,” said Anthony Alfonso, founder and CEO of Nutri-Force.