The Bountiful Company, a vertically-integrated supplier of branded vitamins and wellness products, withdrew its plans for an initial public offering on Thursday. It originally filed in April 2021 with a proposed deal size of $100 million, but announced later that month that it would be acquired by Nestlé (SWX: NESN) for over $5 billion. The acquisition was completed the following August.
The Ronkonkoma, NY-based company was founded in 1971 and booked $2.2 billion in sales for the 12 months ended December 31, 2020. It had planned to list on the NYSE under the symbol BTFL. Morgan Stanley, J.P. Morgan, KKR, Evercore ISI, Jefferies, Credit Suisse, BofA Securities, RBC Capital Markets, BMO Capital Markets, and Mizuho Securities were set to be the joint bookrunners on the deal.
