Jamieson Wellness’ Acquisition of Nutrawise Health & Beauty

Paul, Weiss, Rifkind, Wharton & Garrison represented Jamieson Wellness in the transaction.

Toronto-based consumer health brand Jamieson Wellness Inc. announced its cash-and-stock acquisition of Nutrawise Health & Beauty Corporation for approximately $210 million on closing, plus up to $200 million of additional consideration contingent on achieving pre-determined growth targets post-closing.

The acquisition provides Jamieson with its first platform for growth in the U.S. market. California-based Nutrawise is a leading innovator, manufacturer and marketer of premium supplements in the United States under the youtheory brand. The transaction is expected to close in the third quarter of 2022, subject to regulatory approvals and customary closing conditions.

Jamieson Wellness is dedicated to improving the world’s health and wellness with its portfolio of innovative natural health brands. Established in 1922, Jamieson is the Company’s heritage brand and Canada’s #1 consumer health brand. 

Nutrawise® is a leading manufacturer of health and wellness products, including Youtheory® the award winning line of health and beauty supplements that are sold in over 60,000 retailers worldwide.

The Paul, Weiss team included corporate partners Adam Givertz (Picture), Ian Hazlett, and David Tarr; tax partner David Mayo and counsel Alyssa Wolpin; executive compensation partner Jarrett Hoffman; intellectual property partner Claudine Meredith-Goujon; and antitrust counsel Marta Kelly and Yuni Sobel.

Involved fees earner: Adam Givertz – Paul Weiss Rifkind Wharton & Garrison; Ian Hazlett – Paul Weiss Rifkind Wharton & Garrison; Jarrett Hoffman – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison; David Tarr – Paul Weiss Rifkind Wharton & Garrison; Alyssa Wolpin – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Jamieson Wellness;