Bonne Santé Group, a nutraceutical products company with a private label and contract manufacturing service, has acquired Doctors Scientific Organica, an international food supplements company.
Doctors Scientific Organica (DSO) makes a wide range of health and wellness foods, vitamins and supplements, including several weight loss products, that could potentially broaden Bonne Santé Group’s growing private label and contract manufacturing offerings. Doctors Scientific Organica’s Smart for Life brand is its primary branded product that is sold in big box retailers such as Costco and Walmart, as well as through online retailers such as Amazon. Products include cookies, protein bars, shakes and more.
Concurrent with the DSO acquisition, Bonne Santé Group completed an equity and debt financing that totaled $11 million, with four funds providing the equity financing and a commercial lender, Diamond Creek Capital, providing the senior secured debt.
"This acquisition is a transformative event that will support Bonne Santé's objective of creating a highly diversified and vertically integrated global nutraceutical company," said A.J. Cervantes, Jr., chairman of Bonne Santé Group. "Our vision at BSG is to develop and acquire multiple brands and sales channels for cross marketing goods and services. Our company will benefit by being able to deliver proprietary branded health and wellness products that are seeing extraordinary demand."
Doctors Scientific Organica was founded by Dr. Sasson Moulavi, a prominent bariatric doctor and one of the select Bariatric Fellows in the United States. He is known as the innovator of the revolutionary Smart for Life Cookie Diet and the Smart for Life brand,
Ryan Zackon, Bonne Santé Group's CEO noted, "DSO has grown the Smart for Life brand into a household name that creates immediate high-growth opportunities and will contribute additional revenue, product lines, R&D and successful distribution. My mission as CEO is to achieve additional operational efficiencies by leveraging my knowledge and expertise in the industry, as well as driving further growth through accretive acquisitions, and this is an exciting milestone for our company and our new employees."
The acquisition will capitalize on numerous synergies, as well as health food bars becoming a major new product line for BSG as part of the transaction, according to the company.