New Mountain Capital LLC bought Jarrow Formulas Inc., effective Sept. 1, WholeFoods Magazine reported, citing a video of the signing ceremony released by the company on YouTube.
Jarrow Formulas, a supplier of nutritional supplements, also announced several senior executive changes, according to the report.
Ojesh Bhalla is now the CEO, replacing Ben Khowong, who will retire. Wayne Grubbs will be the CFO. The founder, Jarrow Rogovin, will stay as chairman.