Advantage Capital Agribusiness Partners has made a second investment in American Botanicals, a Missouri-based supplier of bulk herbs and botanical products, to help fund the acquisition of Aloha Medicinals, a biotechnology company focused on medicinal mushroom production.
American Botanicals buys, processes, sells and exports hundreds of roots, herbs, barks, berries and other botanical products, which are purchased directly from U.S. farmers and dealers and used in products ranging from food to nutritional supplements by the company’s more than 400 customers. Over 90 percent of these natural items are collected in the wild.
“We are excited about welcoming Aloha Medicinals to the American Botanicals brand,” says Don Stock, CEO of American Botanicals. “The new products we are adding are in line with our mission of providing high-quality, American-produced natural ingredients and will allow us to continue our expansion.”
Aloha Medicinals is the largest US producer of organic medicinal mushroom raw materials. Its products are used in various pharmaceutical and nutraceutical products, as well as in specialty food products and pet treats and supplements. Thirty percent of the company’s sales are international, with distribution in over 60 countries. Aloha also produces certified organic mushroom spawn, which is the seed stock used for cultivating edible mushrooms.
”We are pleased to support the continued growth of American Botanicals through the acquisition of Aloha. The two businesses are both growing organically and are highly complementary,” says Tim Hassler, principal at Advantage Capital Partners. “We are excited about the prospects for continued growth.”