AAVIN Capital III, LP has invested in Formulation Technology, Inc., enhancing its position in the growing nutritional supplement industry.

Target Information

AAVIN Capital III, LP has successfully completed an investment to facilitate the acquisition of Formulation Technology, Inc. (commonly referred to as FormTech). Founded in 1982, FormTech is a prominent contract manufacturer specializing in vitamins and dietary supplements. The company provides a comprehensive range of services including product development, manufacturing, packaging, and labeling for various forms of nutritional products such as tablets, capsules, powders, and chewable supplements.

FormTech operates from a state-of-the-art 40,000-square-foot facility that complies with the stringent regulations set by the Food and Drug Administration (FDA) for dietary supplements, over-the-counter products, and prescription drugs, as well as the corresponding requirements in Canada. This adherence to regulatory standards underscores FormTech's commitment to quality and safety in the nutritional industry.

Industry Overview

The nutritional supplement market has experienced significant growth in recent years, driven by increasing consumer interest in health and wellness. In the United States, the indust