Lief Labs, a formulation and product development innovator and manufacturer of dietary supplements, has been capitalised through new partnerships with Prairie Capital, Skyline Global Partners, S2G Ventures, Lief Labs’ management team, and Lief’s founder and CEO, Adel Villalobos.
This new collaboration will provide recapitalisation investments and strategic advisory resources with Lief’s management team to support the company’s scalable growth. Lief will focus its growth strategy on key areas, including technology innovation, raw materials and formulations business expansion, supply chain management, human capital development, customer service resources, increased production capacity, and world-class manufacturing operations and facilities.
According to the NBJ Supplement Business Report 2021, the supplement market expanded by USD7.08 billion in 2020 and NBJ is projecting another USD2.94 billion added in 2021. Additionally, the US vitamins, minerals, and supplements (VMS) market is valued at USD58 billion and has consistently grown in the last ten years. Along with this substantial industry growth and forecast, Lief has also achieved significant year-over-year revenue growth. Looking ahead, Lief is well positioned to benefit from the ongoing dietary supplement market momentum for further growth through the company’s contract manufacturing business and work helping clients build premier brands. Additional growth is expected through Lief’s development of in-house capabilities, such as its Lief Raws raw materials and ingredients division, and Lief’s True Stock inventory management program.
“We are extremely excited about Lief’s new partnerships with Prairie Capital, Skyline Global Partners and S2G Ventures, which come at a pivotal time for our organisation as we embrace the opportunities and address the challenges that accompany the rapid growth which we are experiencing at Lief, and in our industry,” said Adel Villalobos, CEO and Founder of Lief Labs. “The depth of expertise that each of our new partners brings to the table will lend tremendous reinforcement to Lief’s already strong executive team in leading our company forward. The valuable recapitalisation investments will also enable Lief to achieve new levels of success and innovation for our organisation, and for the clients and brands we serve.”
Lief’s current executive team and management structure will not change as a result of the new partnerships, and Adel Villalobos will remain the CEO of Lief Labs. The new partnerships, which became effective 27 August, 2021, will enhance Lief’s board structure, as Prairie Capital, Skyline Global Partners, and S2G Ventures are now a part of Lief’s new governance board and will also participate in the company’s advisory board meetings to lend strategic support.
