Rosewood Private Investments’ nutrition and wellness affiliate acquires subsidiary of California rice-bran products company.

An affiliate of Rosewood Private Investments, the private equity arm of Dallas-based Rosewood Corp., has acquired Healthy Natural Inc.—an Irving-based contract manufacturing and packaging company of healthy and natural products—for an amount that was said to exceed $18 million.

Allegiance Capital Corp., a Dallas-based investment bank, exclusively represented the seller, Rice Bran Technologies, in the July 14 transaction. Healthy Natural, which makes powder natural drinks, among other things, since 2014 had operated as a wholly owned subsidiary of California-based RBT, a global leader in the production and marketing of products derived from rice bran.

RBT announced that it was paid $18.3 million for Healthy Natural—money it used to eliminate senior and subordinated debt and to improve operating liquidity.

“We are pleased to have completed the sale of Healthy Natural as part of our plan to improve shareholder value creation by focusing on RBT’s ingredients business,” Robert Smith, RBT’s chief executive, said in an announcement. “We were also pleased to sell the business to an established and successful industry participant like Rosewood, whose success in this segment should well serve the Healthy Natural customer base.”

Read more about the acquisition on D Magazine.

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