Food and Beverage Business
Finance

Bain Capital provides “significant” support to Sports nutrition group 1440 Foods

Bain Capital provides "significant" support to Sports nutrition group 1440 Foods Health & Wellness Food and Beverage Business

In recent news, US-based sports and active nutrition company 1440 Foods recently announced that they have secured a significant investment from private-equity firm Bain Capital. This investment is expected to propel the company to a new phase of growth in the food and beverage industry. According to the agreement, Bain Capital will take ownership of a substantial stake in 1440 Foods, with existing shareholder 4×4 Capital also retaining a stake.

The investment from Bain Capital is intended to establish 1440 Foods as a leading brand in the active lifestyle nutrition market. The company’s CEO, Azania Andrews, and her management team will continue to lead the group, ensuring that the investment has no impact on the protein bar maker’s c-suite. The CEO expressed excitement about the partnership with Bain Capital and the potential for expanding the company’s product offerings to reach more consumers in various occasions and channels.

Formerly owned by The Bountiful Company, 1440 Foods was acquired by 4×4 Capital in 2021. Following the Bain Capital deal, Alex Medicis, co-founder of 4×4 Capital, will remain the chairman of the 1440 Foods board. In a statement, Medicis emphasized the firm’s commitment to supporting management teams in creating value through top-line growth and operational excellence.

Furthermore, the investment will allow 1440 Foods to continue shaping the future of ‘better for you’ snacking and meal replacement. The company markets a range of products, including Pure Protein RTDs, whey powders, snack bars, and MET-Rx meal replacement supplements.

In addition to 1440 Foods, Bain Capital’s portfolio includes the Vietnamese Masan Group and US-based sous-vide group Cuisine Solutions. The firm aims to utilize its deep expertise in supporting the growth of global consumer brands to help 1440 Foods expand its product offerings and reach a wider consumer base.

This investment serves as a testament to our commitment to strengthening our position in the food and drink industry and further solidifying our place as a leading lifestyle nutrition company. As we enter this new phase of growth, we are confident that our vision to become the go-to choice for people seeking flavorful, functional, and convenient nutrition will become a reality. The investment from Bain Capital aligns with our mission and will help us achieve our goals of reaching more consumers and expanding our product offerings in the market.

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