Biofarma, a company controlled by Ardian together with the Scarpa family, has purchased 100 percent of US Pharma Lab, Inc. from founder and chairman, Ashok Luhadia, CEO Amol Luhadia, and other members of the Luhadia family. In order to strengthen the partnership between Ardian, the Scarpa family, and the Luhadia family, the current shareholders of US Pharma Lab will reinvest part of the proceeds in an indirect parent company of Biofarma Group. Based in New Jersey, US Pharma Lab operates in both the United States and China. It is a 'fast-growing company specializing in customized development, manufacturing and distribution services of innovative nutraceutical products including probiotics, vitamins, minerals, supplements and premium food ingredients. With this highly strategic partnership comes the world's leading contract manufacturer in the nutraceutical (dietary supplement) industry, with a manufacturing footprint in the United States, Europe (Italy and France) and China, strong innovation capabilities on both sides of the Atlantic, and know-how related to probiotics and other nutraceutical products.
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