Nutra-Med, located in Whippany, New Jersey, offers a comprehensive suite of packaging solutions, including bottling, blistering, and secondary packaging options such as cartoning, shrink sleeving, and kitting. This investment from GenNx360 will enable Nutra-Med to expand its capabilities and further enhance its service offerings.
Mahesh Gupta, Nutra-Med’s founder, will transition to an advisory role, while Kunal Gupta, current Vice President, will assume the position of CEO. Kunal Gupta expressed enthusiasm for the partnership, stating, “GenNx360’s operational expertise and platform-building track record will be invaluable as we accelerate our growth trajectory. This investment allows us to maintain our focus on delivering best-in-class services, ensuring quality, managing costs, and providing exceptional customer service.” He further emphasized the company’s commitment to expanding its team, services, and reach to serve a broader customer base.
Rishi Verma, Principal at GenNx360, led the transaction and highlighted Nutra-Med’s impressive growth and dedication to quality and customer delivery within an attractive industry. This acquisition marks the sixth platform investment for GenNx360’s Fund III, demonstrating strong momentum in 2022.
Ron Blaylock, Founder and Managing Partner of GenNx360, expressed confidence in Nutra-Med’s leadership and growth potential. He stated, “The Company is led by an impressive management team who has built an industry-leading platform. We look forward to supporting the Nutra-Med team in executing upon their growth strategy.” GenNx360’s investment strategy focuses on acquiring companies with proven business models in expanding industries and implementing operational improvements to drive growth and generate strong financial returns.
SVB Leerink acted as the exclusive financial advisor to Nutra-Med Packaging, with Goodwin Procter LLP serving as legal counsel. Morrison Cohen LLP provided legal counsel to GenNx360 Capital Partners. GenNx360 Capital Partners primarily targets industrial machinery and components, business & industrial services, and related sectors. The firm, founded in 2006, is headquartered in New York City. For further information on GenNx360 Capital Partners, please visit www.gennx360.com.
