Wiggin and Dana Advises Probi AB in Acquisition of Nutraceutix®
Wiggin and Dana LLP advised Probi AB, a Swedish publicly traded bioengineering company that develops effective and well documented probiotics ("Probi"), in connection with the signing of an asset purchase agreement under which Probi will acquire the operations of TNTGamble, Inc. d/b/a Nutraceutix®, a leading U.S. manufacturer and supplier of probiotics, headquartered in Redmond, WA, with operations in Lafayette, CO.
The acquisition, which is expected to close in the 4th quarter of 2016, is highly aligned with Probi's strategic priorities and will allow Probi to enhance its presence in the North American probiotics' network.
Wiggin and Dana partner, Patricia Melick, was lead counsel on the transaction. Other attorneys involved include Mark Kaduboski, Peter Gruen, Sherry Dominick, James P. Greifzu, R.J. Kornhaas, Jenny Levine, Lisa McIntyre, Adam Silverman and Monica Kolinsky.