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Published April 2, 2021
Published April 2, 2021
Leandro Fregoni via Unsplash

Innovations in Nutrition + Wellness acquired Bee Health, the UK’s leading developer and manufacturer of nutritional supplements.

WHO: Bee Health is the UK’s leading nutritional supplement manufacturer, headquartered in Bridlington, Yorkshire. The company was founded by Steve and Bea Ryan in 1992 as a specialized producer of bee-derived nutritional ingredients, and was joined two years later by leading entrepreneur Jan Fletcher OBE. Bee Health has grown rapidly over the last decade and now offers the broadest range of vitamin, mineral, and supplement products across a multitude of formats including tablets, capsules, softgels, powders, and liquid dosage. Known for its unique “design-to-delivery” model, with a seamless service from innovation and R&D, all the way through to packing and distribution, the company has a portfolio of brands that include Bee Health Propolis, Supplement Company, and Luaka Tea.

Innovations in Nutrition + Wellness (INW) stands at the crossroads of change in the nutrition and wellness industry, blending science and innovation with safety and quality to set a new standard of leadership in nutritional and personal care manufacturing. Delivering operational excellence from product R&D to expert manufacturing and packaging to efficient delivery, the company provides an unmatched quality product and packaging innovation, from concept to launch to global brands. They offer a diversity of product forms across powders, solid dose, liquids / gel packs, personal care, and more across its multi-site network.

WHY: INW’s acquisition of Bee Health closed simultaneously with Cornell Capital’s acquisition of INW. Together, the combined company has a global platform to meet the demands of the modern health and wellness industry and drive success for partner brands.

IN THEIR OWN WORDS: “INW is an exciting and compelling opportunity that aligns with Cornell Capital’s strategy and investment experience in building leading global scaled businesses in attractive industries,” said Justine Cheng, Partner at Cornell Capital. “We are impressed by INW’s differentiated, value-added offering of high-touch innovation, operational excellence and speed-to-market for both well-known and emerging brands. The transaction with Bee Health represents another value-additive acquisition for INW and will significantly expand INW’s total addressable market to establish a strong foothold in the fast-growing UK and European market. Using our global network, we look forward to working with the entire team at INW and Bee Health, and are excited to support the combined company’s continued success and expansion across North America and Europe.”

“INW’s and Cornell Capital’s interest in Bee Health is a testament to both the strength of the company we have built and the significant value creation potential ahead,” said Jan Fletcher OBE, Chairman of Bee Health. “Bee Health has seen virtually uninterrupted growth over the last decade as we have expanded our highly diversified customer base and grown our market share to become the UK’s leading industry player.”

Chief Executive Officer of Bee Health Lewis Ryan added: “We look forward to continuing to build on our incredibly strong momentum as we partner with INW and Cornell Capital to bring together these two highly complementary businesses for the benefit of all stakeholders.”


  • Cornell Capital-backed Innovations in Nutrition + Wellness acquired Bee Health. The terms of the transaction were not released.
  • Current owners of Bee Health will remain investors in the combined company.
  • Guggenheim Securities, LLC, acted as the exclusive financial advisor to INW on its acquisition of Bee Health.
  • Alantra Corporate Finance LLP acted as exclusive financial advisor to Bee Health, and Addleshaw Goddard LLP is acting as legal advisor.

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