Chinese firm acquired Canada Iovate Health for $730 million
Chinese firm Xiwang has acquired Canada's nutrition supplement maker Iovate Health for $730 million.
Founded in 1995 and based in Oakville, Canada with 330 employees, Iovate products are sold in more than 130 countries worldwide. Founded in 2007 based in Shandong Province, China with consolidated revenue in excess of $5 billion, Xiwang Food is a leading Chinese player in healthy consumable oils such as corn oil and flaxseed oil.
To see a list of investors from China similar to Xiwang, check the Chinese Investors Directory.
More details follows
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