Highlander Partners Announces the Completion of its Sale of Bettera Brands to Catalent
DALLAS, TX – Highlander Partners (“Highlander”) today completed the previously announced sale of Bettera Holdings, LLC, the parent company of Bettera Brands (“Bettera”), to Catalent, Inc. (NYSE: CTLT) for $1 billion.
Headquartered in Plano, Texas, Bettera is a major manufacturer in the high-growth gummy, soft chew, and lozenge segments of the nutritional supplements market and maintains four manufacturing operations in California, Virginia, New Jersey and Indiana.
Highlander formed Bettera through a series of four acquisitions beginning in 2017 and shaped it into a leading manufacturer of consumer-preferred, high-quality nutritional vitamins, minerals and supplements.
“In 2017, we identified a need in the market and started to build manufacturing capabilities around these products,” stated Jeff L. Hull, President and CEO of Highlander Partners. “The Bettera team executed a very creative and visionary strategy into building Bettera. We are very proud of the uniquely positioned platform that we created and hope this management team continues to accelerate their growth in the future and we wish them all the best.”
Katten served as legal counsel to Highlander.
About Bettera
Bettera Brands is a leading manufacturer of gummy vitamins, soft chews and lozenges primarily focusing on using confections as delivery systems for vitamins, minerals, supplements, and other functional ingredients. The Company has fully integrated manufacturing capabilities and state-of-the-art production facilities located in Indiana, Virginia, New Jersey and California that are SQF Level 3 and CFR 111 certified. For more information, please visit www.bettera.com.
About Highlander Partners
Highlander Partners is a Dallas-based private investment firm which manages over $2 billion of its own proprietary capital. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience. Highlander Partners uses a “buy and build” investment approach, creating value by helping companies grow organically and through acquisitions. For more information, visit www.highlander-partners.com.