North Castle sells Enzymatic Therapy to Nature’s Way
This article was originally published in The Tan Sheet
Executive Summary
Springville, Utah-based herbal and natural product manufacturer Nature's Way acquires natural medicine and supplement firm Enzymatic Therapy under an Oct. 9 agreement with the North Castle Partners private equity firm, Enzymatic Therapy's majority shareholder. Green Bay, Wis.-based Enzymatic Therapy says Oct. 17 that all other shareholders approved the sale, which will close pending regulatory approvals. North Castle also was the majority investor in Naked Juice when PepsiCo acquired it in 2007 (1"The Tan Sheet" Nov. 27, 2007, In Brief). The Greenwich, Conn.-based firm also owned controlling interest in the EAS sports nutrition company when Abbott Labs acquired it in 2004, and it was part of the fund with majority investment when Leiner was sold in bankruptcy court (2"The Tan Sheet" April 18, 2005, p. 15 and 3"The Tan Sheet" June 9, 2008, p. 3)
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