Morgan Stanley Capital Partners Acquires FoodScience
20 November 2024 - 1:00AM
Business Wire
Investment funds managed by Morgan Stanley Capital Partners
(“MSCP”), the middle-market focused private equity team at Morgan
Stanley Investment Management, have acquired FoodScience, a
vertically integrated provider of pet and human nutritional
supplements, from Wind Point Partners. Sharon Rossi will continue
as FoodScience’s Chief Executive Officer.
Headquartered in Williston, Vermont, FoodScience drives a
science-first approach to formulate, manufacture, market, and
distribute nutritional supplements for pets and humans. FoodScience
offers a broad portfolio of nutritional supplements through
VetriScience®, DaVinci®, and Pet Naturals® brands, as well as
private label and custom formulation offerings.
Commenting on the acquisition, James Stewart, Managing Director
and Co-Head of Consumer Investing at MSCP, said: “We were drawn to
FoodScience’s more than 50-year history, stellar reputation and
mission to help people and pets live healthier lives. Under
Sharon’s leadership, they have built a leading platform dedicated
to delivering safe, effective, and innovative brands while serving
as the partner of choice to FoodScience’s contract manufacturing
customers. We look forward to working together as we collectively
seek to build on and expand the exceptional product portfolio
through continued organic growth and M&A.”
“MSCP’s investment serves as a further testament to
FoodScience’s legacy and mission-driven culture,” said Ms. Rossi.
“We are excited to partner with the MSCP team and look forward to
leveraging their network and expertise in the pet and animal health
sector to accelerate our growth both organically and through
strategic acquisitions.”
MSCP’s acquisition of FoodScience represents its third
investment in the Pet and Animal Health sector, following the
successful 2020 exits of Compana Pet Brands (formerly known as
Manna Pro) and Thrive Pet Healthcare (formerly known as Pathway Vet
Alliance).
Jones Day acted as legal counsel and William Blair acted as
exclusive financial advisor to MSCP.
About FoodScience FoodScience is a leading provider of
pet and human supplements with in-house manufacturing capabilities.
Through its VetriScience and Pet Naturals brands, the Company
offers a range of supplements for dogs and cats focused on joint
health, behavioral, digestive, and more. The Company’s human brand,
DaVinci, offers supplements for general health, heart, hormone,
digestive, immune, and more. For more information, please visit the
Company’s website www.foodsciencecorp.com.
About Morgan Stanley Capital Partners Morgan Stanley
Capital Partners, part of Morgan Stanley Investment Management, is
a leading middle-market private equity platform established in 1986
that focuses on privately negotiated equity and equity-related
investments primarily in North America. Morgan Stanley Capital
Partners seeks to create value in portfolio companies primarily in
a series of subsectors in the business and consumer, healthcare,
and industrial services markets with an emphasis on driving
significant organic and acquisition growth through an operationally
focused approach. For further information about Morgan Stanley
Capital Partners, please visit
www.morganstanley.com/im/capitalpartners.
About Morgan Stanley Investment Management Morgan Stanley
Investment Management, together with its investment advisory
affiliates, has more than 1,400 investment professionals around the
world and $1.6 trillion in assets under management or supervision
as of September 30, 2024. Morgan Stanley Investment Management
strives to provide outstanding long-term investment performance,
service, and a comprehensive suite of investment management
solutions to a diverse client base, which includes governments,
institutions, corporations and individuals worldwide. For further
information about Morgan Stanley Investment Management, please
visit www.morganstanley.com/im.
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version on businesswire.com: https://www.businesswire.com/news/home/20241118822513/en/
Press Morgan Stanley: Alyson Barnes
alyson.barnes@morganstanley.com
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