Marking a “significant return on investment," THG sold to European flavor and coloring maker Nactarome Group in a "highly competitive process." WHO: Newcastle-based food and beverage flavor producer Claremont Ingredients is an independent UK flavor company based near Stoke on Trent in the West Midlands, with a manufacturing and development laboratory for sports nutrition and beverages.UK-based THG is focused on e-commerce and brand building in beauty and nutrition. Headquartered in Manchester, UK, THG operates through two main divisions: THG Beauty and THG Nutrition, retailing products globally through localized websites.Nactarome Group, a fast-growing global developer and manufacturer of natural flavor, taste, and color solutions for the food and beverage industry, is headquartered near Milan, Italy, and majority-owned by TA Associates.WHY: THG said that proceeds from the sale will contribute to reducing net leverage and borrowing costs, aligning with THG’s capital allocation strategy that targets a neutral net cash/debt position. The deal is expected to reduce THG’s EBITDA by approximately £5 million in FY 2025 and £10 million in FY 2026.IN THEIR OWN WORDS: Matthew Moulding, THG’s CEO, said, “Claremont has been a huge success, building Myprotein's global licensing franchise from a standing start to partnering with category leading brands in just a few years."He continued, "After receiving a highly competitive offer, the timing was right to realize that value. The level of interest we received is a testament to the quality of the business. This disposal highlights the significant value embedded across THG's portfolio.