Elite One Source Nutrisciences Receives $15.15M Credit Facility from Square 1 Bank

Elite One Source Nutrisciences, a Chino, CA-based contract manufacturer of nutritional supplements, received an additional $15.15m credit facility from Square 1 Bank.

The company intends to use the facility to finance its recent acquisition of Nutritional Laboratories International, Inc. (NLI) (read here).

Led by Dr. Tom Burnell, president and chief executive officer, Elite One manufactures nutritional and dietary supplements including small and large batch sizes of tablets, capsules, and powders.
The company is majority owned by Ampersand Capital Partners,
The acquisition of NLI expands Elite One’s manufacturing capacity and customer base and adds a suite of services, including product formulation and specification development, ingredient sourcing, in-house laboratory testing and regulatory compliance and documentation.

FinSMEs

26/01/2015

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