Rosewood Private Investments announced the acquisition of Living Ecology a developer, formulator, and manufacturer of functional foods and nutritional supplements with a specialization in fruit and nutrition bars headquartered in Henderson, Nev. Products produced by LE are found in leading retailers, including Costco, Whole Foods, and Starbucks. The acquisition will expand RPI's existing portfolio of research, development, and manufacturing companies in the health and wellness industry into functional foods' burgeoning market. A growing $9.6 billion category in 2019, consumers are increasingly choosing bars for snacking, meal replacement, energy, and healthy treats.
The acquisition will add capacity to RPI's manufacturing footprint in the US with the addition of LE's state-of-the-art facilities in Corona, California, and allergen-free facility in Henderson, Nevada. The addition of allergen-free bar manufacturing provides a strategically important layer of differentiation as consumers become increasingly aware of manufacturing processes and practices. LE will become an affiliate of RPI-owned Innovations in Nutrition + Wellness ("INW"), one of the country's largest research, development, and manufacturing companies serving the global health and wellness industry producing capsules, powders, drinks, gels, and cosmetics. Through these new capabilities, INW will expand its offering to include a full range of bars and bites.
INW currently maintains six manufacturing facilities across Texas, Arizona, and California.