New York, NY and Potomac, MD (Vocus) July 11, 2009
American Securities and ACI Capital, majority owners of Healthy Directions, LLC, one of the country’s largest providers of nutritional supplements and health-related content, today announced that Jim Barch has joined Healthy Directions as Chief Executive Officer. Mr. Barch brings to Healthy Directions a wealth of experience in the consumer products arena which will complement and enhance its existing direct marketing strength in the growth of its newsletter and nutritional supplement business.
Since 2002, Mr. Barch served as CEO of Home Care Industries, the leading manufacturer of vacuum cleaners bags and accessories. During his tenure, Jim led the company to increased sales and greatly improved profitability despite a decline in the industry. Prior to Home Care Industries, Jim was President and CEO of the Royal China and Porcelain Company.
Early in his career, Jim spent thirteen years with Procter & Gamble where he held a variety of brand and advertising positions. Following his years at Procter & Gamble, Jim also served as Vice President & General Manager of Church & Dwight, Scott Paper, and the Samsonite Corporation.
David Horing, a Managing Director of American Securities, commented, "Jim has shown time and again in his career that he can infuse strong organizations with new growth through innovation and focus. Healthy Directions’ profitable core business will benefit from his track record, and the organization will be well-positioned to capitalize on the continued growth in the nutritional supplement industry. We are pleased that he has chosen to take on this new role and are confident that Healthy Directions will thrive under his leadership.”
Mr. Barch added, "The opportunities for profitable growth in our business here at Healthy Directions are tremendous. To capitalize on these opportunities, we need to bring to our customers innovative new products and marketing efforts. If we do this successfully, all those involved with Healthy Directions will benefit substantially. I’m excited to be working for a company that brings healthy products and healthy living ideas to the consumer."
About Healthy Directions:
Healthy Directions, LLC is the recognized leader in providing authoritative health and wellness solutions to consumers. The company publishes and markets branded newsletter and product offerings with notable pioneers in the health field, including Julian Whitaker, M.D. (http://www.drwhitaker.com), Dr. David Williams (http://www.drdavidwilliams.com), Steve Sinatra, M.D. (http://www.drsinatra.com) and Susan Lark, M.D.(http://www.drlark.com). In addition, through its subsidiary Doctors’ Preferred, LLC, the company develops and sells proprietary nutritional supplements based on the latest research and formulated to the highest quality control standards in the industry.
About American Securities:
Headquartered in New York with an office in Shanghai, American Securities is a U.S. middle-market private equity firm that invests in market-leading companies in North America with annual revenues generally ranging between $100 million to $1 billion. Investments are funded from more than $6 billion of committed capital. The firm traces its roots to the family office founded in 1947 by William Rosenwald to invest and manage his share of his family’s Sears, Roebuck & Co. fortune. More information on American Securities can be found at american-securities.com.
About ACI Capital:
ACI Capital has a 50-year history of successfully investing in middle-market companies, and is currently investing from a $335 million fund raised in 2006. As ACI Capital takes a long-term view, the firm is willing to invest through a business cycle. Additionally, ACI Capital will pursue unusual or challenging situations that require particular creativity, flexibility or insight. While ACI Capital does not limit its investments by size or industry, it typically makes control investments in North American companies, private and public, with enterprise values of $50 - $300+ million. ACI Capital focuses on companies in the business services, consumer, healthy living and manufacturing sectors. For more information, please visit acicapital.com.