Middle market private equity firm Swander Pace Capital has bought vitamin retailer Swanson Health Products for an undisclosed amount.
Swanson, headquartered in Fargo, North Dakota, and founded in 1969, sells vitamins and supplements under its own name as well other brands through online and other distributors. The target reaches customers in 51 countries. Swanson founder Lee Swanson announced plans to retire, but will stay on as a consultant. CEO Ken Harris will continue to lead the company.