Investment funds managed by Morgan Stanley Capital Partners (MSCP), a private equity team at Morgan Stanley Investment Management, have acquired FoodScience. The company, based in Williston, Vermont, provides nutritional supplements for pets and humans. Sharon Rossi will continue as the Chief Executive Officer of FoodScience.
FoodScience focuses on a science-first approach to create and distribute supplements under brands like VetriScience®, DaVinci®, and Pet Naturals®. It also offers private label and custom formulation services.
James Stewart, Managing Director and Co-Head of Consumer Investing at MSCP, commented on the acquisition: “We were drawn to FoodScience’s more than 50-year history, stellar reputation and mission to help people and pets live healthier lives. Under Sharon’s leadership, they have built a leading platform dedicated to delivering safe, effective, and innovative brands while serving as the partner of choice to FoodScience’s contract manufacturing customers. We look forward to working together as we collectively seek to build on and expand the exceptional product portfolio through continued organic growth and M&A.”
Ms. Rossi expressed enthusiasm about the partnership: “MSCP’s investment serves as a further testament to FoodScience’s legacy and mission-driven culture,” she said. “We are excited to partner with the MSCP team and look forward to leveraging their network and expertise in the pet and animal health sector to accelerate our growth both organically and through strategic acquisitions.”
This acquisition marks MSCP's third investment in the Pet and Animal Health sector after previous investments in Compana Pet Brands (formerly Manna Pro) and Thrive Pet Healthcare (formerly Pathway Vet Alliance).
Legal counsel for MSCP was provided by Jones Day, while William Blair acted as exclusive financial advisor.
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