Kirin Acquires Jamieson Wellness for C$2.5bn, Targeting North American VDS Market
Kirin Holdings has agreed to acquire Canada's leading supplement company, Jamieson Wellness, for C$2.5 billion, signaling a strategic expansion into the North American vitamin, dietary supplement (VDS) market. This move consolidates Kirin's global health science portfolio following previous acquisitions in Asia and Oceania.
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Toronto, Canada — 06 August 2026
Kirin Holdings Company, a Japanese beverage giant, has entered an agreement to acquire Jamieson Wellness Inc., Canada's market leader in supplements, for C$2.5 billion (US$1.78 billion). This transaction will integrate Jamieson Wellness as a wholly-owned subsidiary, significantly expanding Kirin's Health Science business into the lucrative North American market.
The acquisition aligns with Kirin's long-term strategic objective to become a global leader in consumer well-being, positioning its Health Science division as a primary growth driver. Kirin previously acquired Australia's Blackmores in 2023 and Japan's FANCL in 2024, establishing a robust presence in Asia and Oceania. The Jamieson Wellness deal now provides a scalable platform in North America, the world's largest VDS market. Kirin values Jamieson's established brands, extensive distribution networks, and end-to-end capabilities spanning R&D, manufacturing, and sales, which complement Kirin's expertise in fermentation and biotechnology.
Jamieson Wellness, founded in 1922, holds the largest market share in the Canadian supplement sector. The company expanded its U.S. presence in 2022 with the acquisition of Nutrawise, parent company of Youtheory, for at least $210 million. In its most recent Q2 results, Jamieson reported a 17.4% consolidated revenue increase to C$233.8 million, with the Jamieson brands contributing C$210.2 million. Canadian revenue grew 5.7% to C$91.6 million, U.S. revenue increased 21.7% (constant currency) to C$50.1 million, and Chinese revenue surged 46.6% (constant currency) to C$54.3 million.
Kirin's COO, Takeshi Minakata, stated the acquisition represents a critical milestone in their growth strategy. Mike Pilato, President and CEO of Jamieson Wellness, highlighted Kirin's commitment to investing in the brand's heritage and leveraging its global reach. The all-cash transaction is subject to standard closing conditions, including shareholder and court approval, and regulatory clearances. Completion is anticipated in the fourth quarter of 2026.
What this means for Canada
Canadian supplement manufacturers and brand owners face increased competition and potential consolidation pressure from global players. Kirin's investment signals strong confidence in the Canadian VDS market's resilience and growth potential. Procurement leads should monitor Jamieson's supply chain integration with Kirin's existing operations for potential shifts in raw material sourcing or manufacturing scale. Regulatory teams should anticipate continued scrutiny on product claims and quality as market leaders like Jamieson, now backed by Kirin's resources, set higher industry standards. Smaller domestic brands may explore niche opportunities or strategic partnerships to counter enhanced market dominance.
Many leading brands in this category are manufactured in partnership with Supplement Factory.