Ironwood Capital has exited its investment in Elite One Source Nutritional Services (Elite One) through a sale to DCC Health and Beauty Solutions (DCC). Ironwood partnered with private equity firm Ampersand Capital Partners in acquiring Elite One in late 2014.
Elite One has earned a reputation for producing the finest quality tablet and capsule nutritional supplements. Its expertise in producing effective nutritional supplements, combined with its unwavering commitment to excellence has made Elite One one of the industry’s fastest growing supplement manufacturers.
“We’re pleased that our confidence in Elite One’s potential has been validated by the DCC purchase,” says Ironwood Capital President and Chief Investment Officer Carolyn Galiette. “The excellence of execution by management has accelerated growth beyond our original projections, providing an early exit from this investment.”
“Elite One is not just a contract manufacturer. Its leadership fostered a business DNA that looks to solve the problems of its customers, including ways to lower costs and improve product,” says Ironwood Capital Managing Director Alex Levental. “This kind of partnership is obviously a win-win for the customer and for Elite One and has contributed substantially to the company’s growth.”
