Interesting find:
Sports Supplement Acquisition Group, Inc. (SSAG) has formally announced the closing of their acquisition of ErgoPharm. SSAG is a sales and marketing company that (among other things) acquires brands and companies in the sports performance market.
You may recall that Patrick Arnold, the BALCO Chemist, is the man responsible for ErgoPharm’s product development, which has gotten them national attention in the past month (not all being good).
SSAG closed the deal for ErgoPharm brand from Proviant Technologies on December 10, 2008. During the nine-month period ending September 30, 2008 ErgoPharm’s total sales were $3,151,739 (net profit: $ 645,281).
James Klein, who is now the ErgoPharm CEO has said:
We will be taking over the companies, but leaving most management and staff in place.
We will centralize all of the logistical, production and administrative functions, and allow management to focus on growing their brands.
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