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Consumer OTC Drugs

Golden Gate Capital acquires Neways

This article was originally published in The Tan Sheet

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Executive Summary

San Francisco-based firm Golden Gate Capital announces Nov. 8 its acquisition of Neways International. Neways says the deal completes its "multi-year transition from a small founder-owned firm to a world-class multi-national company with top notch management, professional ownership and sales in 23 countries." Springville, Utah-based Neways manufactures dietary supplements and personal care products. In related news, Golden Gate Capital Managing Director Jesse Rogers resigned from Herbalife's board of directors "due to the potential conflict of interest presented by the acquisition of Neways," Los Angeles-based Herbalife announces Nov. 10...

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