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Roark Capital Group to acquire Atkins Nutritionals

Roark Capital Group, an Atlanta-based private equity firm, has acquired Atkins Nutritionals, a weight control and nutrition brand.

Atkins’ management team, led by chief executive Monty Sharma, will remain with the business and invested alongside Roark Capital in the transaction.

Terms of the transaction were not released.

The Atkins Nutritional Approach was popularly introduced in the 1960s. The company offers consumers its Atkins diet programme and a full suite of weight loss and weight management support tools online. 

Atkins sells its products in the nutritional aisle at approximately 30,000 retail outlets, across the food, drug, and mass-merchant channel throughout the US and in over 20 countries around the world.

"We are very excited to partner with Monty Sharma and his team to help support the continued growth of the Atkins brand," says Ezra Field, managing director of Roark. "Atkins is consistent with our strategy of investing in leading consumer businesses with strong brands, differentiated market-positions and identifiable growth opportunities.”

Sharma adds: "I’m very pleased to have Roark as a partner to support the continued growth of the Atkins brand. Their operational approach and the weight management sector experience they bring make them a terrific partner for Atkins and its management team going forward."

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