Innophos acquires Kelatron Corp.

by Keith Nunes
Share This:

CRANBURY, N.J. — Innophos Holdings, Inc. has acquired Kelatron Corp., Ogden, Utah, the manufacturer of bioactive mineral nutrients used in nutritional and dietary supplements. The purchase price of the transaction is valued at $21 million.

“The acquisition of Kelatron represents a perfect fit with our strategy of targeting high quality bolt-on acquisitions that add specialty ingredient product technologies to complement our current product offering,” said Randy Gress, chairman and chief executive officer of Innophos. “Kelatron has a strong position in an attractive, growing, nutraceutical market and has significant manufacturing and technical capability. The combination of Innophos’ strong worldwide customer relationships within the food, beverage and pharmaceutical industries and Kelatron’s expertise in the high value, high growth rate, mineral fortification market is expected to bring significant benefits to both companies.”

Innophos said it expects the acquisition to be accretive to its results in 2012.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.