Stratum Nutrition has announced a partnership with Maxim Partners, a Chicago-based private equity firm. Through an agreement to acquire 100% of the shares previously owned by Novus Nutrition Brands, Maxim Partners has assumed majority ownership of the company and will operate in partnership with ESM Holdings, which retains the remaining shares.
Micah Osborne, CEO at Stratum Nutrition, said: "We are very excited to have Maxim join our team. The team at Maxim shares our values and is committed to growing our ability to supply our customers with high quality ingredients."
"We are thrilled to be partnering with Stratum Nutrition and further intensifying our efforts within the nutrition sector," said Gregg Wilson, founder & Managing Partner at Maxim Partners. "We believe Stratum is uniquely positioned to grow as they continue to invest in manufacturing and R&D, but also as we work together to assume an acquisitive role within the ingredients sector. Micah and the Stratum team have demonstrated incredible character, determination, and knowledge of the industry, and we look forward to sharing in the next stage of this journey."
Together, the companies will expand Stratum's product portfolio, both organically and inorganically, as well as investing in manufacturing to better serve Stratum's customer base, which includes manufacturers and marketers of supplements, foods, and beverages.
