Jamieson Wellness Inc. , the Canadian vitamins and supplements maker , is working with Bank of Montreal and Canaccord Genuity Group Inc. to explore a sale . The Toronto-based company has begun reaching out to prospective bidders, including private equity firms and corporate suitors, according to people familiar with the matter who asked not to be identified discussing confidential information. Jamieson confirmed it has started a process with its bankers by issuing a statement late Wednesday following a Bloomberg News report. The company said it’s received an unsolicited proposal, and there’s no assurance any talks will result in a deal. “If it does not, the Board of Directors remains committed to, and confident in, its current strategic plan.” Jamieson rose 0.3 per cent to $36.39 in Toronto trading Wednesday, giving the company a market value of about $1.5 billion. Drugmaker Apotex Health seeks biggest Canada IPO since 2021Six in 10 Canadians willing to spend more on Canadian products — only 40% know where to find them Representatives for BMO and Canaccord declined to comment. Jamieson sells vitamins, minerals and supplements under its namesake brand as well as Youtheory, Progressive and Smart Solutions. The company reported first-quarter revenue growth of more than 16 per cent year over year. The company has expanded beyond its core Canadian business in recent years through acquisitions and international growth initiatives, including a push into China and the 2022 acquisition of United States supplement brand Youtheory. —With assistance from Michelle F. Davis. Bloomberg.com
Jamieson Wellness explores selling itself, taps BMO and Canaccord to advise
