Deals
Canada Vitamin Maker Jamieson Labs Said to Scrap $1 Billion Sale
- Private equity owner cancels auction of supplement producer
- Sale had attracted interest from By-health, Shanghai Pharma
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Jamieson Laboratories Ltd., which has been making vitamins in Canada since 1922, has canceled an auction to sell itself, people with knowledge of the matter said.
Shanghai Pharmaceuticals Holding Co. and Chinese dietary supplement maker By-health Co. were among suitors that had expressed interest in acquiring the company, the people said, asking not to be identified as the information is private. Jamieson’s owner, U.S. buyout firm CCMP Capital Advisors, was seeking as much as $1 billion in the sale, according to the people.