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Tivity Health Inc. (Nashville, Tennessee), a provider of health and fitness programs, is buying Nutrisystem Inc. (Fort Washington, Pennsylvania) for $1.3 billion in cash and stock. Tivity Health generated revenue of $453.3 million for the nine months ending Sept. 30, from programs including SilverSneakers, Prime Fitness, WholeHealth Living and flip50. Nutrisystem owns Nutrisystem weight loss products and services, the South Beach Diet and DNA BodyBlueprint, generating revenue of $561.5 million for the nine-month period.
The Kraft Heinz Company (Pittsburgh, Pennsylvania) is acquiring Primal Nutrition LLC (Oxnard, California), maker of Primal Kitchen branded products, for approximately $200 million. Expected to generate approximately $50 million in net sales this year, Primal Kitchen is a better-for-you brand of condiments,sauces, dressings and avocado oil, as well as protein powders and snack bars.
Post Holdings Inc. (St. Louis, Missouri) has announced an initial public offering to establish its Active Nutrition division as a “pure-play, high growth companywith strategic flexibility to pursue strong organic and M&A opportunities.” Active nutrition houses ready-to-drink protein beverages, protein powders, nutrition bars and nutritional supplements under the Premier Protein, Dymatize, PowerBar, Supreme Protein and Joint Juice brands.
Publicly traded Flowers Foods Inc. (Thomasville, Georgia) is acquiring Canyon Bakehouse LLC (Johnstown, Colorado), a gluten-free baking company, forapproximately $205 million. Canyon Bakehouse offers 21 gluten-free breads, buns, bagels, English muffins and specialty items, and is expected to generate sales of approximately $70 million to $80 million in 2019.
Over the last year, large strategic and financial investors have invested richly in the dietary supplement industry. Private equity giant KKR acquired The Nature’s Bounty Co. in…