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DCC Acquires Elite One Source Nutritional Services in FIrst US Healthcare Deal
Tuesday 13 February 2018

13 February 2018 - Irish sales, marketing, distribution and business support services group DCC plc's (OTC: DCCPF) DCC Health and Beauty Solutions unit has acquired US-based healthcare and dietary supplements contract manufacturer Elite One Source Nutritional Services, Inc, the company said.
 
Elite focuses on complex-formulation nutritional products in tablet and capsule dosage forms, including organic and probiotic products, across a variety of packaging formats.

The frim's service offering encompasses product development, formulation, manufacturing, packaging and regulatory services.

Its customer base includes some of the leading specialist brands in the US consumer healthcare market. Elite's facilities in Missoula, Montana are well-invested with significant scope to expand capacity to meet its organic growth plans.

The facilities comply with FDA cGMP (current Good Manufacturing Practices) and Health Canada standards and are certified by leading third party regulatory bodies including NSF and A Organic. The business is led by an experienced management team and employs 180 people.
 
Consideration, based on an enterprise value of USD 50m (GBP 35m), was paid in cash on completion. Elite is expected to generate a return on capital employed of approximately 15% within the first two years of ownership.
 
DCC is an international sales, marketing and support services group with a clear focus on performance and growth.

It operates through four divisions: LPG, Retail and Oil, Healthcare and Technology.
Details
Date Published: 13/02/2018
Target: Elite One Source Nutritional Services
Country: USA
Sector: Healthcare
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: DCC Health and Beauty Solutions
Comment:
Terms of the deal were not disclosed

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