IVC President & CEO Steven Dai said the transaction fits with IVC’s strategy to offer US made products to the global marketplace. “I am very excited to bring Adam Nutrition into the IVC family. We look forward to helping Adam’s current customer base grow their businesses while leveraging the powder capabilities to expand into new markets,” added Dai.
The added Mira Loma, California facilities will more than double IVC’s contract manufacturing capabilities and also boost IVC’s overall packaging capacity, said the company. The investment will also help supply record demand for IVC’s existing products at mass market retail.
The cash purchase gives IVC complete manufacturing, packaging and distribution operations on the east and west coasts, the company said, and allow the company to better serve existing mass market retail business and Adam’s more specialized contract business.
“IVC has a great reputation in the industry for high quality and innovation and engaging in win-win transactions, which will benefit Adam’s customers and suppliers,” said Rick Kashenberg, CEO of Adam Nutrition.