What's New

Innophos Acquires NutraGenesis To Complement Its Branded Food, Health And Nutrition Portfolio

Advances Vision 2022 Growth Strategy and Builds on Momentum from Recent Novel Ingredients Acquisition
Expands Innophos' Proprietary, Branded, Science-Backed Offering in High- Growth Nutrition End-Markets

CRANBURY, New Jersey - (November 6, 2017)

Innophos Holdings, Inc. (NASDAQ: IPHS) announced today that it has acquired NutraGenesis, a Vermont-based marketer of proprietary, branded and science-backed nutraceutical ingredients.

Under the terms of the purchase agreement, Innophos has acquired all of the outstanding equity
interests of NutraGenesis LLC, Icon Group LLC and Tradeworks Group, Inc., together referred
to as NutraGenesis, for a total purchase price of $28 million in cash. Innophos has funded the
acquisition with borrowings under its existing credit facility. The acquisition is expected to be
accretive to Innophos' earnings per share in the first year following the close of the transaction.

"The addition of NutraGenesis' innovative, science-backed branded ingredients to our Food,
Health and Nutrition portfolio more closely aligns Innophos with consumer mega-trends such as
health and wellness, energized aging and clean labels," said Kim Ann Mink, Ph.D., Chairman,
President and Chief Executive Officer of Innophos Holdings, Inc. "This transaction builds on the
recent acquisition of Novel Ingredients, and further strengthens our position as a leading
specialty ingredient solutions provider to attractive end-markets. In addition, NutraGenesis'
asset-lite business model, complementary capabilities and established presence in high-growth
nutraceutical markets make this a high-value addition for Innophos."

NutraGenesis, A Science-Based, Proprietary, Branded Ingredients Solutions Provider

- Strong and established portfolio of branded ingredients supplying leading U.S. and
international developers of branded nutritional ingredients
- Highly complementary to recent Novel Ingredients acquisition and Innophos' branded
ingredients portfolio
- Proven track record of partnering with clients to transform ingredients into marketable
brands backed by scientific data that supports product efficacy and performance claims
- Serving attractive high-growth end-markets, including stress reduction, weight management,
joint health, brain health and metabolic wellness, that are driven by health and wellness
consumer trends

Acquisition Delivers Strong Shareholder Value

- All-cash transaction consideration of $28 million financed by existing credit facility
- LTM sales of ~$12m, and accretive adjusted EBITDA margin of 22%
- Strong double-digit historical growth trajectory and outlook
- Asset-lite business model
- Accretive to earnings per share within the first year of combined operations
- Minimal impact on leverage
- Continued strong cash conversion cycle supports current dividend and strategic growth
ambition

"Bringing NutraGenesis into our branded ingredients portfolio provides an immediate opportunity
to combine their branding and marketing expertise with our sourcing, manufacturing and
technology capabilities, to offer more differentiated ingredients solutions to our customers," Mink
commented.

"We are confident that the acquisition of NutraGenesis will strengthen our growth profile and
create sustainable value for our customers and shareholders," Mink said. "We remain focused
on building out our Food, Health and Nutrition platform, driving sustainable growth and
advancing toward our Vision 2022 goals."

Lazard acted as financial advisor to Innophos on the transaction and Baker Botts LLP served as
Innophos' legal advisor.

Alantra acted as financial advisor to NutraGenesis and Downs Rachlin Martin PLLC acted as
NutraGenesis' legal advisor.

About the Company

Innophos is a leading international producer of specialty ingredient solutions that deliver farreaching,
versatile benefits for the food, health, nutrition and industrial markets. We leverage
our expertise in the science and technology of blending and formulating phosphate, mineral and
botanical based ingredients to help our customers offer products that are tasty, healthy,
nutritious and economical. Headquartered in Cranbury, New Jersey, Innophos has
manufacturing operations across the United States, in Canada, Mexico and China. For more
information, please visit www.innophos.com. 'IPHS-G'

SOURCE Innophos Holdings, Inc.

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This press release contains or may contain forward-looking statements within the meaning of
Section 27a of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. The Company intends these forward-looking statements to
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by these forward-looking statements. Factors that could cause the Company's actual results to
differ materially include, but are not limited to: (1) global macroeconomic conditions and trends;
(2) the behavior of financial markets, including fluctuations in foreign currencies, interest rates
and turmoil in capital markets; (3) changes in regulatory controls regarding tariffs, duties, taxes
and income tax rates; (4) the Company's ability to implement and refine its Vision 2022; (5) the
Company's ability to successfully identify and complete acquisitions in line with its Vision 2022
and effectively operate and integrate acquired businesses to realize the anticipated benefits of
those acquisitions; (6) the Company's ability to realize expected cost savings and efficiencies
from its performance improvement and other optimization initiatives; (7) the Company's ability to
effectively compete in its markets, and to successfully develop new and competitive products
that appeal to its customers; (8) changes in consumer preferences and demand for the
Company's products or a decline in consumer confidence and spending; (9) the Company's
ability to benefit from its investments in assets and human capital and the ability to complete
projects successfully and on budget; (10) economic, regulatory and political risks associated
with the Company's international operations, most notably Mexico and China; (11) volatility and
increases in the price of raw materials, energy and transportation, and fluctuations in the quality
and availability of raw materials and process aids; (12) the impact of a disruption in the
Company's supply chain or its relationship with its suppliers; (13) the Company's ability to
comply with, and the costs associated with compliance with, U.S. and foreign environmental
protection laws and (14) the Company's ability to meet quality and regulatory standards in the
various jurisdictions in which it has operations or conducts business. We caution you to consider
the important risks and other factors as set forth in the forward-looking statements section and
in Item 1A Risk Factors in our most recent Annual Report on Form 10-K, as amended by
subsequent reports on Forms 10-Q and 8-K. We do not undertake to update the forward-looking
statements to reflect the impact of circumstances or events that may arise after the date of the
forward-looking statements.