H.I.G.'s Integrity Buys Cornerstone from Sun Capital
May 01, 2014
H.I.G. Growth Partners portfolio company Integrity Nutraceuticals has acquired Cornerstone Research & Development from Sun Capital Partners. With a product portfolio consisting of vitamins, minerals, botanicals, probiotics and more, Cornerstone develops, produces and packages over 600 capsule, tablet and powder products for its customers. Sun Capital bought it in 2012, and through various operational improvements, the company has nearly doubled its EBITDA since. Through the sale, Sun Capital reportedly scored a 10x return.