Xenon Holdings, an investment firm focused on strategic growth companies, has, through one of its portfolio companies, Invetek Advanced Solutions LLC, has acquired the assets of Invetek Inc., a research & development based specialty raw materials supplier in Tustin, California supporting the nutritional supplement industry.
Founded in 1995 by its president Manoj Saraiya, Invetek, Inc. has focused on improving consumer products. Saraiya built Invetek, Inc. into a product development and technical services powerhouse working with globally renowned food and nutraceutical brands to improve their products.
Saraiya said, “It has been a glorious journey, but the time has come for me to ride off into the sunset. I would like to thank all the colleagues, mentors, vendors and friends that have supported us over the years. Our Invetek clients and personnel are in good hands with the investment group taking the reins. The future is bright for the Invetek team.”