Ingredient supplier Nutrition21 was acquired by Everwell Health Holdings, LLC, a newly-established health and wellness functional ingredients platform recently established by the private equity firm RoundTable Healthcare Partners. Nutrition21 is the first investment made by Everwell Health, with the financial details of the transaction remaining undisclosed.
 
In the announcement, Everwell Health said that its mission is “to add meaningful value to dietary supplement, food, and beverage brands by offering scientifically substantiated functional ingredient solutions that aim to help people look, feel, and perform their best.”
 
The brand will continue to pursue partnerships with more functional ingredient companies, with a focus on providing more funding for clinical studies, new product development, marketing, and sales.
 
Led by president Joe Weiss, Nutrition21 currently holds over 100 patents domestically and internationally for ingredients with claims related to glucose metabolism, weight management, cognition, and sports nutrition, among others, and includes brands such as Nitrosigine, Velositol, Chromax, Lustriva, and nooLVL.
 
“Our new ingredients platform, anchored by an industry leader in Nutrition21, builds upon our experience in consumer healthcare,” Pierre Frechette, RoundTable managing partner and chairman of the board at Everwell Health, said. “As consumers demand more from their products, we believe scientifically-backed, high-quality functional ingredients are poised for strong growth to meet this need.”
 
Recently, Steve Rosenman was appointed to the position of CEO for Everwell Health, the company noted. Rosenman has over two decades of experience in the consumer health and wellness industry with senior leadership positions in sales, marketing, product innovation, and strategic planning, most recently with International Vitamin Corporation.
 
“I am excited to join Everwell and partner with Nutrition21 to build this new platform,” Rosenman said. “RoundTable’s unique operating expertise and core values, centered around reputation and trust, are the right fit to raise the bar in the functional ingredients market and add value to our partners. With a long and rich history of combining ingredient innovation with strong clinical studies and IP, Nutrition21 provides a strong foundation for future growth. I look forward to working with Joe Weiss and the entire Nutrition21 team.”
 
“I look forward to partnering with Steve and the RoundTable team to accelerate Nutrition21’s growth and help Everwell become a leading platform across the entire functional ingredients market,” Weiss said.