GREEN BAY, Wis., Nov. 10 Representatives of the Dr.Willmar Schwabe Group, of Karlsruhe, Germany, have confirmed that corporateownership for Enzymatic Therapy, Inc., of Green Bay, Wisconsin, wastransferred on Friday, October 31, 2008.
A shareholder group comprised of North Castle Partners, LLC, and membersof Enzymatic Therapy Management previously owned Enzymatic Therapy, Inc.
Details of the sale price are unavailable, as is information regarding thecombined revenue of the entities.
The North American operating platform for the Schwabe group will be namedNature's Way Holding Company, and will include the entire operations ofEnzymatic Therapy, Inc. and Nature's Way Products Inc.
The combined group will create an organization with great depth oftechnical and scientific expertise that will market a very broad line ofwellness products and natural medicines.
Nature's Way Holding Company will continue to bring trusted consumersolutions forward under highly popular brand names that include Nature'sWay(tm), Alive(tm), Zucol(tm), Umcka(tm), Pearls(tm) Whole Body Cleanse(tm),Remifemin(R), and Enzymatic Therapy(R).
Additionally, the company will continue to market professional productssold only through medical professionals under labels that include IntegrativeTherapeutics(R).
Nature's Way Holding Company has confirmed to its customers that allmerchandising and marketing programs previously announced for both productlines will continue. The Company also will continue to distribute products toover 40 countries outside the United States.
Randy J. Rose, formerly the President and CEO of Enzymatic Therapy, hasbeen named the President and CEO of the combined business, and Rory Mahony,who previously served as COO & General Manager of Nature's Way, will be theChief Operating Officer. Both Mr. Rose and Mr. Mahony will join the Board ofDirectors for the new corporate entity.
Nature's Way Holding Company operates manufacturing and distributionfacilities in Utah and Wisconsin, and has offices across the United States,including those in New York City, St Louis, Missouri, Green Bay, Wisconsin,and in Springville, Utah. It also has a marketing and distribution company inCanada.
Consumer enthusiasm for the Enzymatic and Nature's Way products hasresulted in strong and steady growth of the brands. Going forward, the companywill focus on further acceleration of these very positive growth rates bycontinuing to deliver quality products that meet customer needs.
SOURCE Nature's Way Holding Company