ICV Acquires Stauber Performance

NEW YORKICV Partners (ICV) acquired Stauber Performance Ingredients Inc. from J. H. Whitney & Co.  Dan Stauber, CEO, and select members of the management team, will continue to have a meaningful ownership interest in the company.

Established more tahn 40 years ago, Stauber Performance Ingredients distributes nutraceutical ingredients such as minerals, herbs, fruits, vegetables, nutrients, vitamins and amino acids to the food, pharmaceutical, cosmetic and health food industries. Based in Fullerton, CA, Stauber provides value-added services for its customers including procurement, product development and outsourced supply chain management.

Ira Moreland, managing director of ICV, said, We have been evaluating the nutraceutical space for some time and found that Staubers long history and excellent track record make it a very compelling investment. The company offers a wide breadth of products, the ability to source exclusive ingredients and is recognized for outstanding customer service. We believe we can assist in Staubers future growth by helping to further grow its customer base, expand its product portfolio and identify new acquisitions that can position it into adjacent markets."

Stauber has relationships with more tahn 100 manufacturers around the world, including Tomita, Konoshima, FMC, DSM, Brewster, General Chemical, HeSego, VisVitalis and Jungbunzlauer, among others.

Stauber said, By focusing on customer satisfaction and innovation, combined with our value-added services such as sourcing, quality control, formulation and turnkey solutions, we have built a strong company with longstanding relationships with our partners. We are now pleased to be working with ICV Partners, and all of our customers and business partners should welcome this new opportunity to expand our capabilities with the management team they know well."

Founded in 1998, ICV Partners is a private investment firm that supports management leaders of strong companies at the lower end of the middle market. With more than $440 million in capital under management, the principals of ICV have invested more than $235 million in 19 companies across a variety of industries.