Japanese firm Kirin Holdings Company has agreed to acquire Canadian vitamins, minerals and supplements (VMS) company Jamieson Wellness in a deal valued at approximately C$2.5bn ($1.36bn), strengthening its position in the global consumer health and preventative health market.
Under the agreement, Kirin will acquire all outstanding shares of Jamieson Wellness for C$45.75 per share in cash.
The transaction is expected to close in the fourth quarter of 2026, subject to shareholder, regulatory and court approvals.
Kirin sets sights on North American growth
The acquisition will give Kirin a stronger foothold in North America, which it described as the "world’s largest vitamins and dietary supplements market."
Jamieson Wellness will provide a platform for further growth and investment in the region, complementing Kirin’s existing health science businesses, including Blackmores and FANCL.
Kirin said in its release that the acquisition supports its ambition to become a global leader in preventative health.
The combined business is expected to bring together capabilities spanning innovation, brand development, manufacturing and go-to-market execution across North America, Asia and Oceania.
Jamieson Wellness, which can trace its heritage back 104 years, is known for its VMS portfolio and has built a strong presence in the Canadian consumer health market.
According to the company's statement, Kirin intends to invest in its brands while still maintaining its Canadian roots and heritage.
For the wider nutraceutical sector, the deal is the latest sign of the growing strategic value of VMS and preventative health brands, following P&G’s acquisition of Thorne and Bain Capital’s $1.2bn purchase of Vitabiotics.
Kirin’s expansion also creates a broader international platform for Jamieson Wellness as demand for supplements and other health-focused products continues to drive interest in the category.
Subject to the required approvals, Jamieson Wellness is expected to become part of the Kirin Group later this year.
