WM Partners Agrees To Sell Nutranext to Clorox
FORT LAUDERDALE, Fla., March 12, 2018 /PRNewswire/ -- WM Partners, LP ("WM Partners") a Ft. Lauderdale-based private equity firm focused on investing in lower-middle market companies in the health and wellness sector, today announced that Nutranext Holdings, LLC, a portfolio company owned by an affiliate of WM Partners, has entered into an agreement to sell Nutranext, LLC and its subsidiaries (collectively, "Nutranext"), a vertically-integrated developer, manufacturer, and marketer of leading dietary and nutritional supplements in the retail, e-commerce and direct-to-consumer ("DTC") channels, to The Clorox Company ("Clorox"). In calendar year 2017, Nutranext generated sales of about $200 million. Clorox will pay $700 million to acquire Nutranext, with the purchase price representing about 3.5 times calendar year 2017 sales. Terms of the transaction were not disclosed.