Renutra Natural Health Products Draws Venture Capital Investment from Bluestem Capital

VC invests in Watertown, S.D.-based manufacturer of Hydra Jointä, the leading liquid glucosamine/chondroitin supplement

WATERTOWN, SD (PRWEB) December 19, 2004 -- The retail success of their natural health supplements has led to a sizable venture capital investment in Renutra Natural Health Products of Watertown, S.D. It was announced today that Sioux Falls, S.D.-based Bluestem Capital Company has invested in Renutra, the manufacturer of Hydra Jointä, the leading liquid glucosamine/chondroitin supplement.

Renutra President Jim Engels said that the investment reflects well on the progress and future prospects of the company. We now have products in approximately 30,000 retail stores across the country, Engels said. The investment from Bluestem is a welcome endorsement of our company and brings the capital we need in order to continue to expand."

According to Bluestem Capital founding partner Steve Kirby, it is that potential for continued growth that elicited their investment. At Bluestem we look for local companies with strong management teams that make quality products in an expanding industry," said Kirby. Renutra fits that profile and we expect the company to continue its strong growth."

With natural health supplements that address two of the most common maladies in an aging population, Renutra has the potential for significant growth. Hydra Joint is a liquid joint care product with proprietary glucosamine and chondroitin formulas along with MSM and vitamin C. Clockworks is a natural fiber product that helps people with their complete digestive health and comes in two formulas-Daily Fiber and Acute Care.

Renutra is a privately held company focused on the development and distribution of natural health care products that help people renew their bodies. Renutra distributes its products through leading retailers such as Wal-Mart, Walgreens, Eckerd, Duane Reade, Albertsons, Osco, Lewis Drug, Longs Drugs and more. Its products can also be purchased at http://www.renutrahealth.com.

Founded in 1989, Bluestem Capital Company has more than $130 million under management and raised more than $23 million in their latest fund. Bluestem has broad investment experience in a variety of industries, including renewable energy sources, hospitality, utilities, technology, manufacturing, retail, and more. For more information, visit http://www.bluestemcapital.com.

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