Thg agrees to sell Claremont components for $ 137 million

The UK -based e -commerce group, which is based on the United Kingdom, agreed to sell Claremont ingredients to manufacture the Nactarome Group for 103 million pounds ($ 136.8 million) in cash.

Claremont withdrawal from Thg Nutrition is in line with its strategy to simplify the company, focus on basic competencies and accelerate the move towards a net cash budget.

Thg works through two consumers, Thg Nutrition and Thg Beauty. Thg Nutrition leads the online sports feeding brand.

The Nactarome Group, a majority specialized in the international flavor owned by TA Associats, appeared as a successful bidding after a very competitive process.

This sale represents a great return on the acquisition of THG for Claremont for 52 million pounds in late 2020.

Claremont was initially obtained to enhance the global license in myprotein and develop new products.

“This disposal highlights the important value integrated through the Thg portfolio. My sincere thanks to the entire Claremont team for its wonderful contribution and hard work,” said Matthew Polmang, CEO of Thg.

“Finally, the decisions we make as a company to support our customers and develop the market share of the Myprotein market clearly with our broader strategy to simplify the group and focus on our basic strengths, while maintaining a strong public budget.”

Claremont has been financially beneficial to Thg, as it has achieved a great cash since the acquisition, as the sale revenues have contributed to reducing the costs of leverage and borrowing.

For the fiscal year 2024 (Fiscal Year 24), Clermont’s revenues amounted to 14 million pounds, with modified profits before benefits, taxes, consumption, and firefighting (EBITDA) at a value of 7 million pounds and annual capital expenses less than a million pounds.

After Disposal, THG expects a decrease in the collective EBITDA of 5 million pounds for the fiscal year 25 and 10 million pounds for the fiscal year 26.

Looking at the first half (H1) of 2025, the temporary results of Thg are expected to be in the direction stipulated at the annual general meeting, with EBITDA, which is about 24 million pounds. This reflects the effect of the height of whey on an annual basis in the nutrition sector.

With stable whey prices and strong global demand, THG has modified consumer prices accordingly.

The money and facilities available to the group amounted to 278 million pounds after re -financing in the first quarter (Q1) of 2025, significantly reduced the total debt.

The net debt was before the sale of Claremont 330 million pounds.

In the second half of 2025 and the full fiscal year of 2026, Thg Nutrition is expected to provide growth in two -digit revenues, with plans to reduce high prices to maintain the market share and customer loyalty.