#United States #Gainesville #Paine Schwartz #Promix #Nutrition

Paine Schwartz Partners Acquires Promix

Paine Schwartz Partners, a renowned player in sustainable food chain investments, has recently completed the acquisition of Promix LLC, a fast-growing company known for its superior nutritional products. This strategic move, facilitated by the Paine Schwartz Food Chain Fund VI, underscores the firm’s commitment to enhancing its portfolio in the health and wellness sector.

Founded in 2014 and headquartered in Gainesville, Florida, Promix specializes in creating clean, high-quality nutritional supplements, including protein powders, vitamins, and meal replacements, all adhering to a strict policy of using no artificial ingredients. Promix’s dedication to quality is evident in its formulations that avoid fillers, hormones, GMOs, and other undesirable substances.

Promix operates within the lucrative $53 billion market of vitamins, supplements, and functional nutrition, with a notable presence in the burgeoning $3 billion online protein and gut health segment. The company’s standout products include its Debloat dietary supplements and a variety of protein-packed snacks and powders, which resonate strongly with health-conscious consumers. These products are currently available through direct-to-consumer channels, Amazon, and select wholesalers, reflecting a solid business model that supports rapid growth.

The acquisition aligns perfectly with Paine Schwartz’s focus on investing in health and wellness. The firm aims to leverage its expertise to help Promix scale its operations, enhance brand awareness, and introduce innovative products. The prominent placement of Promix within the market, bolstered by a strong commitment to quality and science, positions the company for substantial growth and expansion.

Leadership continuity is another vital aspect of this acquisition. Promix’s founder and CEO, Albert Matheny, along with co-founder Devon Levesque and COO Ryan Lockwood, will continue to lead the firm. Their experience and dedication are expected to propel the company forward, with additional support from Bob DeBorde, former CEO of Suja Life, who will assume the role of Executive Chairman.

Kevin Schwartz, CEO of Paine Schwartz, expressed excitement about the acquisition, noting his personal enthusiasm for Promix products. He emphasized the potential for innovation and market share growth as they work closely with Promix to develop new offerings that meet the evolving health and wellness needs of consumers.

With this acquisition, Paine Schwartz Partners not only expands its portfolio but also enhances its overarching mission of providing consumers with healthier and more nutritious food options. The combination of Promix's clean products and Paine Schwartz’s investment acumen marks a promising new chapter for both entities, poised to meet the growing demand for functional nutrition in the marketplace.

In conclusion, this acquisition serves as a clear indicator of the ongoing trend toward healthier eating habits and the increasing importance consumers place on nutritional quality. As both companies collaborate, the health and wellness market can expect to see exciting developments from Promix as they continue to prioritize clean, science-backed nutrition.

For more information on Promix and its products, visit Promix Nutrition. For insights into Paine Schwartz Partners and their investment strategy, check out Paine Schwartz Partners.