NORCROSS, Ga., October 5, 2015 /PRNewswire/ — Hi-Tech Pharmaceuticals, a leading global provider of sports nutrition products and contract manufacturing, today announced the acquisition of iForce Nutrition. The addition of iForce will enhance Hi-Tech's leading Sports Nutrition arsenal and expand its distribution through iForce's strong distribution network as one of the fastest-growing Sports Nutrition companies in the United States.
"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." stated Hi-Tech Chairman, President and CEO Jared Wheat.
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 boasts a portfolio of over 300 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™”. iForce cutting-edge products and innovation has created excellent brand awareness and product loyalty over the past 10 years. iForce has a premier stable of bodybuilding products to include HemoVo2 Max®, Hemavol®, Compete!, Maximize®, Tropinol XP® and IsoTean® to name a few.
“iForce Nutrition will continue to be the dynamic company it has always been. iForce will have 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.” explained Wheat.
Dave Nelson, CEO of iForce, commented, "Hi-Tech's impeccable reputation for pharmaceutical-grade quality, strong innovation and manufacturing expertise make it a perfect complement to our business. Additionally, having access to their extensive production capabilities across a variety of product formats will bring give us strategic opportunities”.
Hi-Tech Pharmaceuticals is a leading Sports Nutrition manufacturer. Since 1979, Hi-Tech Pharmaceuticals, Inc. and its sister company, Hi-Tech Nutraceuticals, LLC. have been providing quality custom manufacturing services to the pharmaceutical, dietary supplement and beverage industries. Hi-Tech Pharmaceuticals is a cGMP certified company that operates out of four U.S. Production facilities and two warehouses, totally over 400,000 sq. ft. Hi-Tech also has two facilities located outside State College, Pennsylvania. Hi-Tech holds a Drug Manufacturing License issued by the State of Pennsylvania Food and Drug Branch and is registered as a Food and Drug Establishment with the FDA in Pennsylvania.
