Airborne acquired by GF Capital

MINNEAPOLIS Airborne was acquired by GF Capital Private Equity Fund, the company announced.

Terms of the deal were not disclosed.

GF Capital named Martha Morfitt Airborne’s new CEO.

Morfitt most recently served as CEO and a director of CNS before that company’s acquisition by GlaxoSmithKline in December 2006.

“Airborne occupies a unique place in the nutritional supplement market,” stated Neil Shapiro, co-founder and managing director GF Capital. “We firmly believe in the company and its products, and believe that there’s tremendous opportunity for us to grow together. As CEO, [Morfitt] has a proven ability to lead companies to profitable growth, expanding their brands and product offerings in the process.”