Chicago, IL – CoreFX Ingredients LLC (“CoreFX” or “the Company”), a subsidiary of Ornua Co-operative Limited (“Ornua”), has been recapitalized by P.O.D. Solutions Corporation (“P.O.D.”). Hennepin Partners served as financial advisor and Bryan Cave Leighton Paisner LLP acted as legal counsel.
CoreFX creates, manufactures and supplies innovative, dry nutritional ingredients using proprietary delivery systems that convert natural, macro and micro nutrients into stable, convenient powders that are clean-label and enhance the nutritional value, taste and functionality of end products. Its brands, including OmegaFX, NutriCoreFX, CreamerCoreFX, CheezeCoreFX, and DairyCoreFX, are used in a variety of applications across the food & beverage, nutrition and health & wellness end markets. CoreFX’s solutions are sold through brands and contract manufacturers. The Company is headquartered in Evanston, Illinois with manufacturing facilities in Orangeville, Illinois and Big Bend, Wisconsin.
The decision to sell the majority stake aligns with Ornua’s strategic objectives, as the ingredients business was identified as non-core within the group’s five-year strategic plan.
“We are grateful for the guidance of Hennepin Partners and helping us complete this divestiture. Attention to details, creativity and senior level attention, with R.B. Kiernat and Jeff Peterka leading every step of the way, were pivotal to getting this transaction completed,” said Colin Keane, Group Head of Mergers & Acquisitions at Ornua.