Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, June 10, 2022

Article Excerpt

JAMIESON WELLNESS INC., $36.12, symbol JWEL on Toronto, produces health and wellness products under several brands including Jamieson Vitamins, Iron Vegan, Progressive, Precision, and Smart Solutions. Established in 1922, the company’s products are distributed to over 10,000 retail locations across Canada. They’re also sold online and in 45 countries worldwide. As part of the company’s plan to grow significantly in the U.S. market, Jamieson announced on June 1, 2022, that it would acquire Nutrawise Health & Beauty Corporation. The sales price is $265.0 million. In addition, potentially, there are post-closing bonuses for Jamieson to pay Nutrawise for achieving growth targets. Nutrawise markets premium supplements under the Youtheory brand in the U.S. and in international markets. That brand offers a variety of products addressing beauty, general wellness, emotional wellness, digestive health, joint support, and men’s health. Nutrawise is expected to generate $157 million in revenue in 2022. In the three months ended March 31, 2022, Jamieson’s revenue increased 5.5%, to $103.7 million from $98.3 million…

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