LANGLEY, BRITISH COLUMBIA–(Marketwire – Mar 19, 2013) – The Rhema Group, a animated brilliant in North America”s accustomed bloom supplements industry, afresh acquired Utah-based Harmony Concepts through allotment from Aboriginal West Capital. The Rhema Group acquired the US custom accomplishment aggregation for comestible and comestible supplements and herbal blends in backward 2012. The accretion positions Rhema to aggrandize its business into the US and access capacity.
Recently, one of Rhema”s above audience began accretion aggressively into the United States, which provided an appropriate time for the aggregation to attending into purchasing a aggregate ability beyond the bound as it would accredit them to move their artefact added calmly and easily. Having already accustomed a able business accord with Harmony Concepts, Rhema jumped at the adventitious to buy their accomplice back the company”s owner”s bidding an absorption in affairs the business.
“It was absolutely abundant timing on both our genitalia as our accretion of Harmony Concepts gave our aggregation a belvedere to alter our business and access the customer brands market,” shares Carlo Zarrillo, admiral and arch controlling administrator of The Rhema Group. “Having a ability in the US to abutment our US-based audience will accredit us to lower our costs on labour and potentially on raw materials, allowance us to bigger bear allowance compression.”
Having already financed a actor buyout accord with Rhema in 2011, Robert Napoli, vice-president of Aboriginal West Capital was assured in their absolute affiliation with the company”s administration aggregation and Rhema”s band of business. Napoli says, “Rhema has a accurate action and solid after-effects and we are so admiring to be able to accomplice with them for a additional time and armamentarium their latest US acquisition. We”re aflame to see this aggregation abound and be a allotment of their amplification plans.”
“We absolutely adore alive with the Aboriginal West Capital team,” says Zarrillo. “This is the additional accommodation we”ve anchored through Robert and the aggregation and both times, they accept been acutely flexible, avant-garde and proactive in their approach. Back our aboriginal costs deal, they”ve absolutely taken the time to get to apperceive the ins and outs of our business, which is why we chose to accomplice with them afresh to armamentarium this deal.”
About The Rhema Group
Rhema has served the bloom industry as a custom and clandestine characterization architect and packager of aerial quality, avant-garde articles back 1990. It aims to be an industry abstraction alignment and a trusted name in accouterment accustomed health, aliment and biologic products. For added information, appointment rhemahealthproducts.com.
About Aboriginal West Capital
First West Capital is a analysis of Aboriginal West Credit Union, and is a $100 actor armamentarium accustomed to accommodate subordinated debt and balustrade costs to small- and medium-sized businesses. Led by Kristi Miller and Robert Napoli, the Aboriginal West Capital aggregation has added than 25 years of bartering lending acquaintance including 18 years in subordinated debt financing. With on-the-ground ability of Western Canadian markets, Aboriginal West Capital has the advantages of acceleration and flexibility. For added information, appointment www.firstwestcapital.ca.
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