Hi-Tech Pharmaceuticals acquires iForce Nutrition

The transaction will enhance Hi-Tech’s leading Sports Nutrition arsenal and expand its distribution through iForce’s strong distribution network.

Hi-Tech chairman, president and CEO Jared Wheat said: "The combination of these two great companies accelerates Hi-Tech’s Sports Nutrition growth strategy, substantially boosts our Sports Nutrition portfolio and diversifies our business stream.

"We believe this strategic transaction will enhance our industry-leading Sports Nutrition position by expanding market opportunities. iForce brings strong relationships to enhance our position with Sports Nutrition distributors, and a highly experienced management team to support Hi-Tech’s continued growth."

Hi-Tech expects this merger to widen its customer base in the sports nutrition field and strengthen its bodybuilding presence. iForce is a leading developer, provider and distributor of nutritional products designed for health, training, physique development and performance. iForce was founded in 2006 and since then has become a leading US performance nutrition business.

Wheat continued, "Our strong operational structure and aggressive acquisition strategies have enabled the continued growth of our Sports Nutrition business and will increase profit margins due to ability to bring all the production of iForce products to our industry-leading manufacturing facilities. Together, our combined company will have an even larger product portfolio, broader geographic reach, and enhanced scale."

As a leading provider of premium Weight Loss and Bodybuilding products in the sports nutrition category, iForce’s brands align with the company’s continued focus on Sports Supplements, while further diversifying the Hi-Tech portfolio. iForce produces Dexaprine and Thermoxyn, two of the top weight loss aids in the industry, which will continue to bolster our Diet & Energy portfolio such as: Fastin, Lipodrene, Stimerex-ES, HydroxyElite, Viper Hyperdrive, and Lean EFX.

Hi-Tech Pharmaceuticals’ revolutionary line of nutraceutical products is at the forefront of the dietary supplement industry. Hi-Tech holds a key position as the leader and the innovator of natural, proprietary, and preventative healthcare products. Hi-Tech boasts a portfolio of over 50 state-of-the-art nutritional supplements that offers real solutions in the areas of muscle and strength development, fat loss, sexual performance and healthcare. Hi-Tech develops world-class, novel nutraceuticals that are "Found in Nature…Backed by Science™." Hi-Tech is dedicated to setting a higher standard of scientific excellence for the dietary supplement industry. Hi-Tech’s product line is aimed at improving life-quality and our nutraceuticals are unmatched in quality and efficacy, yet without pharmaceutical prices! Hi-Tech responds to the varying nutrient demands of men and women, from an active lifestyle to that of the well-conditioned athlete.

iForce cutting-edge products and innovation has created excellent brand awareness and product loyalty over the past 9 years. iForce is a pioneer in pre-workout powders, post workout powders, and a market leader in these categories. iForce has a premier stable of bodybuilding products to include HemoVo2 Max, Hemavol, Compete!, Maximize, Tropinol XP and IsoTean to name a few.

iForce CEO Dave Nelson said: "Hi-Tech Pharmaceuticals is an excellent strategic fit, and this merger underlines our commitment to be the world’s leading sports nutrition, physique development and performance company.

iForce Nutrition’s ability to capitalize on this synergy only made sense as Hi-Tech was already our primary contract manufacturer.

"Today we go forward with the addition of the iForce Nutrition Brand to set a new standard in the Sports Nutrition Category. Hi-Tech’s goal is to provide more sports nutrition products to help more athletes than virtually any other nutritional company has ever done before," said Hi-Tech President and Chief Executive Officer Jared Wheat. "iForce Nutrition will continue to be the dynamic company it has always been known to be, and Hi-Tech will help grow iForce by providing extraordinary infrastructure for discovering, developing and delivering innovative sports supplements and health care solutions essential to addressing unmet training, physique development and performance supplements needs."