Nurture® Advanced Oat Technologies Sold
Nurture, Inc. and its owner Striker Partners recently announced that GTC Nutrition, a business unit of Corn Products International, Inc., acquired substantially all of the assets of Nurture, Inc., with facilities at 5840 Expressway, Missoula, Montana 59808 on October 27, 2006. The acquisition will add Nurture, Inc.'s entire product line to GTC Nutrition's ingredient portfolio, including its flagship ingredient, OatVantage oat bran concentrate. The J.H. Chapman Group advised Striker Partners/Nurture, Inc. in the negotiations.
Nurture, Inc., with a proprietary process for concentrating the viscose fiber (beta-glucan) found in oats, is an industry leader in the development of branded, high value-added oat-based ingredients for nutritional supplements, nutritionally enhanced foods and beverages and personal care applications.
Striker Partners, a privately held investment firm, partners with experienced owner-operators of small- to mid-sized businesses by providing capital resources required to expedite their growth. Striker Partners is an affiliate of privately held Graham Group, a global industrial and investment concern managing over $1 billion in assets.
GTC Nutrition is a recognized leader in providing customized nutrition solutions and scientific, technical and marketing expertise to the food processing, dietary supplement and animal feed industries. GTC Nutrition provides health throughout North, Central and South America, Australia and New Zealand with innovative functional food ingredients and unsurpassed customer support. For more information visit www.gtcnutrition.com.
Corn Products International is one of the world's largest corn refiners and a major supplier of high-quality food ingredients and industrial products derived from the wet milling and processing of corn and other starch-based materials. The Company, headquartered in Westchester, Illinois, is the number one worldwide producer of dextrose and a leading regional producer of starch, high fructose corn syrup and glucose.
J.H. Chapman Group is the food industry's leading investment banking firm, with offices in Chicago and Paris, offering a full range of financial advisory services to the food, food ingredients, and restaurant industries in the United States and internationally.