Norwest Equity Partners acquires Apothecary Products
MINNEAPOLIS — Norwest Equity Partners on Monday announced that it has acquired Apothecary Products from Terry Noble, founder and CEO of Apothecary. The transaction closed Feb. 28, 2014; financial terms were not disclosed.
Apothecary offers its customers a one-stop-shop solution with both over-the-counter consumer health products and behind-the-counter pharmacy supplies, spanning across three categories, including pharmacy supply, medication management and home health care.
"NEP’s investment capital, coupled with their experience in the consumer healthcare products industry and working with family-owned businesses, will help Apothecary continue to achieve its growth plans and mission of designing and sourcing the most innovative and critical pharmacy products available.” Post-transaction, Noble will remain as an Apothecary investor.
NEP has been investing in middle market companies since 1961 and has experience working with both Minnesota-based companies, as well as companies focused within the consumer products and services industry. Notable Minnesota-based investments over the years include Life Time Fitness, Shock Doctor, Minnesota Rubber & Plastics, Gopher Resource, Norwesco, Select Comfort and Lindstrom Metric.
Clif Bar introduces Clif Mojo Fruit & Nut and Clif Mojo Dark Chocolate
EMERYVILLE, Calif. — Clif Bar & Co. on Monday introduced its latest line of snack bars — Clif Mojo Fruit & Nut and Clif Mojo Dark Chocolate. Crafted with 70% organic ingredients, Clif Mojo Fruit & Nut and Clif Mojo Dark Chocolate deliver a convenient and gluten-free snack that supports today’s on-the-go lifestyle, Clif Bar noted.
“At Clif Bar & Company, we aim to create quality organic food that people love to eat, nourishes their active lives and is good for them and the planet,” stated Kevin Cleary, CEO Clif Bar & Co. “Our athletes and foodies joined forces in the Clif Kitchen to build a better snack bar by carefully selecting and combining high-quality ingredients that taste great and are nutritious.”
People are increasingly recognizing the advantages of food made with organic ingredients, Clif Bar said. A survey released in January 2013, conducted by the Organic Trade Association, found that 81% of U.S. households surveyed said that they are purchasing organic food. To date, the total organic ingredient usage for Clif Bar & Company totals more than 425 million pounds.
All five flavors of Clif Mojo Fruit & Nut and Clif Mojo Dark Chocolate are 200 calories or less, low glycemic and a good source of fiber. Suggested retail price for a single bar is $1.49, while a multipack of five bars should sell for $5.99.
Traditional Medicinals: Use of natural remedies on the rise
SEBASTOPOL, Calif. — According to a new survey by Traditional Medicinals, use of natural remedies has increased recently, with more than 1-in-3 (35%) Americans reporting they do more today to take care of themselves with natural remedies than they did five years ago. Education about natural remedies, however, is lacking. Nearly 2-in-5 (39%) of those who don’t already only use natural remedies for their health needs would be motivated to do so if they knew more about them.
"Habits rooted in nature like spending time outdoors have a profoundly positive impact on mood and spirit as well," said Blair Kellison, Traditional Medicinals CEO. "We also found that more education is needed in order for more Americans to look to nature to improve their overall health."
Of the 10 top U.S. cities surveyed, those in San Francisco and Atlanta appeared to take most control of their health and reported that it made a difference in their sense of well-being.
The survey, fielded by Kelton, also found that while the typical American spent nearly one month (i.e., 28 days) feeling unwell during the last year, those who spent at least one hour outside each week reported feeling healthier than those who didn’t (84% vs. 65%).