Jamieson Wellness, the Canadian manufacturer and marketer of vitamins, minerals and supplements, has entered into a definitive arrangement agreement to be acquired by Japanese food, beverage and pharmaceuticals firm Kirin.
Under the terms of the transaction, Kirin will acquire all issued and outstanding common shares of Jamieson Wellness for C$45.75 ($33.56) per share in cash. The deal values Jamieson Wellness at approximately C$2.0 billion ($1.47 billion) on a fully diluted equity value basis and around C$2.5 billion ($1.83 billion) on an enterprise value basis. The cash consideration represents a 27% premium to the company’s 20-day volume-weighted average price prior to the Unaffected Date.
Commenting on the acquisition, Mike Pilato, president and CEO of Jamieson Wellness, said: “As a global C$22 billion [$16.14 billion] leader in beverage, natural health, and consumer health, they bring the expertise, reach, and resources to help take our brands to the next level while preserving what has made Jamieson successful for more than a century”.
The acquisition will serve as Kirin’s foundation for expanding its Health Science business into North America. Subject to shareholder, court, and regulatory approvals, the transaction is expected to close in the fourth quarter of 2026.
Source: Jamieson Wellness
