Denver, CO (May 16, 2016) - Headwaters MB advised AuthenTechnologies (the “Company”), the world’s only provider of DNA-based species authentication technology, on its sale to NSF International.
Authentechnologies was launched in 2010 as the premier provider of DNA-based species identification services. The Company has developed innovative genetic sequencing technologies which are used to assure the authenticity, safety, and quality of natural products, from fresh and dried raw materials to supplements, food, and pharmaceuticals.
Danica Harbaugh Reynaud, PH.D., Founder and CEO of AuthenTechnologies said, “We are delighted that our technology will now be deployed globally to assure the authenticity and eliminate adulterants in the food chain. We founded AuthenTechnologies to bring the technology of genetic identification to botanical and other natural substances and welcome our new partners as they introduce these techniques to their broader customer base and the consumers they serve.”
Michael Ewing, Managing Director at Headwaters MB, commented, “This transaction represents a step towards change in the technology of food safety by enabling producers, distributors, and retailers to identify all of the ingredients in their foods at the most basic genetic level. We are pleased to have assisted AuthenTechnologies and NSF International and the consumers they ultimately serve in effecting this seminal change in the technology of food safety and believe it represents a sea change in the way the integrity of the food chain is protected.”
Terms of the transaction were not disclosed.
About Headwaters MB
Headwaters MB is an independent, middle market investment banking firm providing strategic merger and acquisition advice, capital raising and special situations advisory. Named "Investment Bank of the Year" by major organizations for its third consecutive year, Headwaters MB is headquartered in Denver, CO with seven regional offices across the United States and partnerships with 18 firms covering 30 countries. For more information, visit www.headwatersmb.com.
AuthenTechnologies® was launched in 2010 as the premier provider of DNA-based species identification services. Our mission is to apply innovative genetic technologies to improve the authenticity, safety, and quality of natural products, from living and dried raw materials to supplements, foods, and pharmaceuticals. We strive to deliver the highest-quality, efficient and effective solutions based on the most cutting-edge science to solve the challenges of our diverse clientele, including the FDA, USDA, NIH, NCCAM and numerous major natural product and food manufacturers and suppliers. For more information, visit www.authentechnologies.com.
About NSF International
Founded in 1944, NSF International is committed to protecting and improving human health and the environment on a global scale. NSF International is an independent organization that provides standards development, product certification, testing, auditing, education and risk management for public health and the environment. Manufacturers, regulators and consumers alike look to NSF International for the development of public health standards and certification that help protect the world’s food, water, health and consumer products. For more information, visit www.nsf.org.
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