The acquisition of Nutraceutical International Corp. of Park City by HGGC, a middle-market private equity firm based in Palo Alto, California, has been completed, according to an announcement by the company. The final acquisition prices was $41.80 per share in cash. The transaction was originally announced on May 22, and was approved by Nutraceutical’s shareholders on August 21.
With the completion of the transaction, Nutraceutical’s common stock ceased trading and is no longer listed on the NASDAQ Stock Exchange.
“We are excited to complete our investment in this great company and we look forward to working with the Nutraceutical team in its next phase of growth and evolution,” said Les Brown, managing director and chief operating officer of HGGC who now becomes executive chairman of the Nutraceutical. “We are confident there is a tremendous opportunity for the company to continue to build on its strong market position and to bring more great products to its loyal customers,” he said.