BI announces acquisition by Martin Bauer Group
BI Nutraceuticals, a global full service manufacturer and supplier of plant based ingredients in the United States, has announced its acquisition by the Martin Bauer Group, a global botanical expert. Effective March 25, 2019, the partnership allows both organizations to broaden their portfolio of ingredients, while being supported by an expansive manufacturing platform.
BI’s partnership with the Martin Bauer Group allows the company to expand its food, beverage and dietary supplement ingredient offerings. Both companies share a long-standing reputation as experts in quality sourcing and manufacturing processes. This commitment will help further their growth as the demand for safe and responsibly sourced ingredients continue to grow in the domestic market.
“We are thrilled to be a part of the nature network® and the Martin Bauer Group,” said George Pontiakos, president and CEO of BI. “This represents a significant move forward for us and our combined customer base. The Martin Bauer Group is a family-owned international company with a long history as a manufacturer and supplier of teas, extracts and botanical products going back more than 135 years. BI Nutraceuticals will now have access to the global resources of the Martin Bauer Group in the areas of raw materials sourcing, processing technology, liquid extract production and research and development. As part of the Martin Bauer Group, we become a true single source solution provider. Our customers can be even more confident in our long-standing commitment to safety, quality, service and innovation.”
“The addition of BI Nutraceuticals to our Group buttresses our commitment to reliable, quality, safe and clean label raw materials, meeting an increasing demand from our customers and consumers,” stated Ennio Ranaboldo, CEO of Martin Bauer Group in North America. The two companies will continue to operate independently, and further communications will be issued to ensure seamless integration both internally and for all customers.
For more information on BI or its acquisition by the Martin Bauer Group, please visit botanicals.com.