Airborne Purchased by GF Capital
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MINNEAPOLIS--(Business Wire)-- Airborne, Inc., maker of dietary supplements that support immune health, today announced that it has been purchased by GF Capital Private Equity Fund, LP, a New York City-based private equity firm. Terms of the deal were not disclosed. Stockton Road Capital, LLC, advised and partnered with GF Capital with respect to this investment. Airborne is a dietary supplement that was created by a school teacher to help support her immune system. The supplement is a proprietary blend of 17 vitamins, minerals and herbs. The key ingredients in Airborne have been shown to help support the immune system as shown in scientific studies and medical journals.Airborne products can be found in food, drug and mass retailers across the United States and Canada. GF Capital has named Martha (Marti) A. Morfitt as Airborne`s new chief executive officer. Ms. Morfitt most recently served as chief executive officer and a director of CNS, Inc., a publicly traded marketer of consumer health care products. During her nine-year tenure, Ms. Morfitt and her team successfully completed a performance turnaround at CNS, returning the company to profitability and transforming it into a growing consumer health products company with flagship brands that include Breathe Right nasal strips and FiberChoice daily fiber supplement brands. CNS was sold to GlaxoSmithKline in December 2006. "This is an exciting time to step into this role for Airborne," said Ms. Morfitt. "The company is a leader in nutritional supplements that support immune health, an increasingly important category as consumers come to appreciate the benefits of a healthy lifestyle. Our management team and GF Capital are committed to the long-term, profitable growth and expansion of the Airborne brand." Said Neil Shapiro, co-founder and managing director GF Capital, "Airborne occupies a unique place in the nutritional supplement market. We firmly believe in the company and its products, and believe that there`s tremendous opportunity for us to grow together. As CEO, Marti has a proven ability to lead companies to profitable growth, expanding their brands and product offerings in the process. We have the utmost confidence in the Airborne team." Sawaya Segalas & Co., LLC, a leading consumer investment banking firm, acted as exclusive financial advisor to Airborne Health, Inc., in connection with the transaction. About GF Capital GF Capital Management & Advisors, LLC, makes private equity and real estate investments, and provides comprehensive wealth management and financial advisory services to its clients. The senior investment team at GF Capital has over two decades of experience investing its own capital as principals, as well as capital on behalf of clients in private equity transactions. The GF Capital Private Equity Fund, LP, principally makes growth capital investments in the branded consumer products, and media and entertainment sectors. About Stockton Road Capital Stockton Road Capital is a specialized private equity investment firm and advisor that focuses on the consumer products industry. Visit the firm online at: www.stocktonroadcapital.com. About Airborne Airborne develops and sells innovative dietary supplements throughout the United States and Canada. Our Airborne health formula is designed to support customers` immune systems through its unique combination of vitamins, nutrients and proprietary blend of herbal extracts. Headquartered in Minneapolis, Minn., with facilities in Carmel, Calif., visit Airborne online at www.airbornehealth.com.  Securities offered through Sawaya Segalas Securities, LLC. At Airborne: Marti Morfitt, CEO, 612-235-3800 email@example.com or At GF Capital: Neil Shapiro, 212-433-1233 firstname.lastname@example.org or At Padilla Speer Beardsley: Matt Sullivan, 612-455-1709 email@example.com Copyright Business Wire 2009
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