“That is an thrilling and extremely complementary acquisition for iHerb,” stated Emun Zabihi, chief government officer of iHerb, in a press launch. “Vitacost has a loyal buyer base and deep assortment of merchandise that aligns carefully with our mission to make well being and wellness accessible to all.
“This acquisition instantly expands our scale within the U.S., strengthens {our relationships} with key manufacturers and provides a largely incremental buyer base to iHerb’s platform. It additionally demonstrates our capability to develop by strategic acquisitions that complement our almost 30-year historical past of natural progress.”
The deal offers iHerb fast entry to Vitacost’s loyal and largely incremental U.S. buyer base and establishes the mixed entity as a prime on-line vacation spot for well being, vitamin and wellness merchandise.
The monetary phrases of the transaction weren’t disclosed.
Revenues
iHerb reported file web gross sales in extra of $2.4 billion in 2024, a YoY progress of 14.5%. The corporate fulfilled 37 million orders to 180 international locations, with a world provide chain community anchored by 9 climate-controlled logistics facilities situated within the U.S., Asia and the Center East.
Vitacost presents over 40,000 health-conscious merchandise, together with nutritional vitamins, minerals and dietary supplements (VMS) and pure, natural and eco-friendly shopper items. Kroger accomplished the acquisition of Vitacost.com in August 2014 for $280 million. Estimated post-acquisition revenues for the net retailer vary between $280 million to $550 million, relying on the supply.
Transaction particulars and advisors
Ducera Companions, LLC served as unique monetary advisor to iHerb, and Latham & Watkins LLP supplied authorized counsel. RBC Capital Markets, LLC served as monetary advisor to Kroger, and Weil, Gotshal & Manges LLP supplied authorized counsel.
