Ion Labs Inc., a Clearwater-based company that manufactures nutritional supplements, was recently purchased by a private investor, according to Acquisitions Unlimited president Jan Fowler.
Fowler teamed with Aberdeen Advisors to facilitate the transaction. Odessa, Fla.-based Acquisitions Unlimited, which is a mergers and acquisitions advisory/business brokerage firm, assists clients with buying and selling businesses in Florida and the Southeast. Fowler’s firm mostly specializes in companies with $2 million to $15 million in annual revenues.
Founded in 1983, Ion Labs provide private label and contract manufacturing and packaging of nutritional supplements. Ion Labs, Inc. facilitates the process of creating a successful private label product from start to finish. The company can also help with product formulation, packaging, and complete turnkey concepts that can be brought straight to the marketplace.
Ion Labs has expanded capabilities and staff since the acquisition. New Ion Labs, Inc. CEO, Clayton Desjardine, has expanded the staff from 25 to 50, including technicians, chemists, and support personnel to help manage the new equipment and increase production quality.
“We worked with the buyer for a number of months before locating the right target acquisition. The buyer’s plan was to grow the business by making capital improvements and adding more up-to-date and efficient equipment,” Fowler said. “Since the transaction, the Ion employee base has already increased. We are proud to have been a part of this transaction with such a great buyer and great company that is already adding so many jobs in the TampaBay area.”