Xiwang Foodstuffs has completed a majority equity investment from Iovate Health Sciences International.

Xiwang Foodstuffs, research and consulting services for the operation of food business license provider, has completed a majority equity investment from Iovate Health Sciences International, sports nutrition provider. Financial terms were not disclosed. The transaction will accelerate Iovate’s growth in China and provide its brands with significant product expansion globally. The Iovate Executive Team states, “Over the last 20 years, our teams at Iovate have built a business that has given our brands an industry-leading position in North America and throughout the world. Through this strategic partnership with well-established consumer products leader Xiwang, we now have the unique opportunity to accelerate our international growth, particularly in the China market. MuscleTech is already gaining significant momentum in China, and this partnership solidifies that position into what we believe will deliver significant growth in a reasonably short period of time.”