Real Brands Inc. will acquire all the assets of Boulder Botanical & Biosciences Laboratories, Inc., a manufacturer of white-label and private-label wellness and sports medicine herbal supplements and CBD products, for $12 million.
Real Brands will acquire Boulder Botanical from Frankens Investment Fund, LLC, which had acquired it in April. The acquisition will include Boulder Botanical’s brands for human and pet markets, IP, and distribution at the 27,000 sq. ft. R&D and production facility in Golden, Colorado.
Boulder Botanical will retain its name and operate as a division of Real Brands.
“Boulder Botanical has had an excellent reputation for creating quality sports medicine, health and wellness herbal supplements and cannabinoid formulations and its white-label manufacturing services exceeding industry standards,” said Real Brands President & CEO Thom Kidrin. “We expect to build upon that solid foundation. Boulder Botanical’s existing national distribution network serving CVS, Target, Costco, and other retailers, combined with Real Brands’ expertise in online sales and the metaverse, enables ready access to millions of existing customers and millions more potential customers online and in person. With this acquisition, we have increased our production capacity by 300%, have added a portfolio of 150-plus brands, extensive IP, and a skilled R&D team to create hundreds more products to meet the demand of the burgeoning herbal supplement and CBD markets.”
Turning Point Brands, Inc., is also a long-time strategic investor in Real Brands. Turning Point Brands is a manufacturer, marketer and distributor of branded consumer products that Real Brands has contracted to retain key Boulder Botanical employees for a seamless transition, with no interruption in supply to customers.