Purity Life acquires assets of Horizon, PSC, and ONFC
Purity Life Health Products has acquired the assets of Horizon Distributors Ltd., PSC Natural Foods Ltd., and Ontario Natural Food Company Inc. (ONFC).
The merger will create one of Canada’s leading full-service distributors of organic and natural grocery and wellness products. By bringing its core wellness offerings together with the market-leading positions of Horizon, PSC, and ONFC in the grocery sector, Purity Life aims to further expand and improve its high-quality service for both retail and vendor partners across Canada.
Matthew James, president and CEO of Purity Life, says the acquisition bodes well for Canada’s natural health retail community. “As the only 100-percent Canadian-owned, full-service distributor of natural health products, we’re uniquely positioned to give retailers more value, broader selection, greater innovation, and better service—all the things Canadian retailers need to succeed in today’s competitive marketplace.
“Our goal is simple: to help retailers thrive. By bringing together two great businesses, we’re creating efficiencies, expanding product access across all categories, and investing in systems that make doing business easier. When retailers grow, the entire natural health community grows with them.”
This acquisition will allow Purity Life to strengthen its service offering to all stakeholders in the natural health products industry in Canada, creating a nationalized distribution platform for grocery and wellness products while allowing Purity Life to continue to service its customers and vendors with the highest possible quality.
“The combination with Purity Life is an ideal path forward for Horizon, PSC, and ONFC,” said Ronald Francisco, president and majority shareholder of Horizon, PSC, and ONFC. The companies share similar values and are focused on serving customers and vendor partners with excellence. “Together, the companies are a strong complement and will create a leading distributor to progress the organic and natural grocery and wellness industry in Canada.”
Jeff Wigle, managing director and group head of Banyan Capital Partners, the majority owner of Purity Life, added, “I first met Ron shortly after we partnered with Matthew to acquire Purity Life in 2012, and since then, I have continued to admire what he has built at Horizon, PSC, and ONFC. These companies have deep roots and strong connections across Canada’s natural food industry, and we are thrilled to bring that legacy into the Purity Life family.”
The merged company will operate under the Purity Life brand through two distinct divisions: Purity Life Grocery and Purity Life Wellness. Terri Newell, CEO of Horizon, will lead Purity Life’s Grocery division.
“I look forward to welcoming Ron, Terri, and their talented teams as we continue to grow and strengthen our business together,” said Jeff.
“Together with Horizon, PSC, and ONFC,” emphasizes Matthew, “Purity Life is proud to build a 100-percent Canadian-owned, full-service distributor, delivering natural and organic grocery and wellness products with our #EasyToDoBusinessWith commitment across every category and retail channel in Canada.”