PLEASANT PRAIRE, Wis., Jan. 14, 2019 /PRNewswire/ -- Quest Products, Inc. (Quest) today announced its merger with OraHealth Corporation, Inc. (OraHealth). Quest is a portfolio company of Promus Equity Partners (Promus).
With this merger, Quest will add the OraCoat® brand of oral care products and its flagship product, Xylimelts® for Dry Mouth. Xylimelts® employs patented technology backed by research and medical science to safely prevent dry mouth while the user sleeps via all-natural, non-acidic oral-adhering discs that slowly release safe ingredients.
"We are proud to add OraCoat® and its line of oral care products to our portfolio of category-leading brands including Clinere®, Alocane® and ProVent®," Don Ryan, CEO of Quest commented. "We are excited to partner with OraHealth founder Jeff Haley and his team to expand the distribution of the blockbuster Xylimelt® product domestically and internationally."
Jeff Haley, founder and President of OraHealth commented, "Together, we will endeavor to increase consumer awareness of this revolutionary treatment for dry mouth and introduce innovative new products using our patent protected technology."
Cascadia Capital advised OraHealth in the transaction, while Carney Badley Spellman provided legal representation. Reinhart Boerner Van Deuren provided legal counsel to Quest.
Avante Mezzanine Partners provided mezzanine debt and participated in the equity investment, while MB Financial provided a senior credit facility. Terms of the investment were not disclosed.
About OraHealth Corporation
OraHealth Corporation is the market leader in all-natural and non-acidic oral-adhering discs based upon its patented technology with slowly release ingredients in the mouth and are safe for use while sleeping. The OraCoat® brand represents a family of products to solve oral care problems by coating the mouth with safe ingredients that become effective when they are slowly released and its flagship product is XyliMelts® for Dry Mouth. OraCoat®'s innovative oral care solutions are backed by research based on medical science to ensure optimum performance and user safety.
About Quest Products
Quest Products Inc. is a multifaceted consumer packaged goods company that manufactures and manages wholly owned brands, distributes national brands, sells to retail and online stores, provides drop-ship services, and manages retail websites. Quest seeks to bring innovative, quality products to customers' doors or retail stores. Quest brands include Clinere®, Alocane®, ProVent®, AlcoHawk®, CopperFixx® and Blue Guard®. Find out more at www.questproductsinc.com.
About Promus Equity Partners
Promus Equity Partners is a private equity firm affiliated with Promus Holdings, a Chicago-based multi-family office. Promus targets healthy lower-middle-market companies with a strong value proposition and outstanding growth prospects. Promus team members are proven investors with wide-ranging experience over numerous economic cycles in a variety of industries. For more information about Promus Equity Partners, contact Steve Brown at firstname.lastname@example.org or Sarah Wuellner at email@example.com.
Media Contact: Mark McGreevy, Quest Products, Inc., 262-925-0987, firstname.lastname@example.org
SOURCE Quest Products, Inc
These press releases may also interest you