Integrated BioPharma

What Integrated BioPharma does

Integrated BioPharma, Inc. is a publicly traded (OTCQX: INBP), Delaware-incorporated holding company that manufactures, distributes, and sells vitamins, nutritional supplements, and herbal products for the nutraceutical industry. The company operates through five wholly owned subsidiaries: Manhattan Drug Company (contract manufacturing for distributors, multilevel marketers, and healthcare providers), AgroLabs (distribution to mass market, grocery, drug, and vitamin retailers), Chem International (raw materials distribution for DSM Nutritional Products), IHT Health Products (natural botanicals distribution under license), and MDC Warehousing and Distribution (warehousing and fulfillment services). Its core technology is US-based contract manufacturing of nutritional supplements with flexible customization capabilities, and its business model is B2B contract manufacturing and distribution with no disclosed direct-to-consumer or branded retail of its own.

The company is led by co-CEOs Christina Kay and Riva Kay Sheppard, who have served since the early 1990s, alongside CFO Dina L. Masi. Headquartered in Hillside, New Jersey with manufacturing operations in New Jersey and a sales office in Florida, the company operates exclusively within the United States. Its customer base consists of distributors, multilevel marketers, specialized healthcare providers, and mass market retailers, with revenue heavily concentrated in two large contract manufacturing customers that have represented approximately 83-90% of total revenue in recent periods. The company has 11-50 employees and a small market capitalization consistent with its micro-cap OTCQX listing.

Financially, the company is in a clear revenue contraction phase: nine-month revenue ended March 31, 2026 was $34.1M, down 15.2% year-over-year, with quarterly declines of 27.3% in Q1 FY2026 and 10.3% in Q2 FY2026. The company has shifted from operating profitability to an operating loss of $1.1M in Q1 FY2026 and a net loss of $0.8M, indicating margin pressure alongside the volume decline. No AI capabilities, recent acquisitions, or product launches are evident in the available data, and the company's strategic posture is defensive as it manages customer concentration risk and top-line erosion.

Name

Integrated BioPharma

Legal name

Integrated BioPharma, Inc.

Website

https://ir.ibiopharma.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Integrated BioPharma is a US-based contract manufacturer and distributor of vitamins, nutritional supplements, and herbal products, serving nutraceutical distributors, multilevel marketers, and retailers through five operating subsidiaries from its Hillside, NJ headquarters.

Ownership category

akta.pro rank

Product category

Nutraceutical Manufacturing

NAICS

Medicinal and Botanical Manufacturing (325411), Chemical and Allied Products Merchant Wholesalers (4246)

SIC

Medicinal Chemicals & Botanical Products (2833)

akta.pro industry

PRIMARYCRADAOAO

Ingredient Blends & Systems / Custom Formulation (Seasoning Systems, Functional Blends)

Consumer Products & Retail/Consumer Packaged Goods (CPG) Manufacturing & Brands/CPG Ingredients, Flavorings & Additives Brands

SECONDARYCRADAGAB

Vitamins & Minerals (Single Nutrients)

Consumer Products & Retail/Consumer Packaged Goods (CPG) Manufacturing & Brands/Vitamins, Supplements & Sports Nutrition

SECONDARYAFAIAKAJ

Food-Grade Chemicals & Processing Aids Trading/Wholesale

Agriculture & Food Production/Food Distribution & Wholesale/Food Ingredients & Commodities Trading/Wholesale

Keywords

• Contract manufacturing
• Nutritional supplements
• Vitamins distribution
• Herbal products
• Nutraceutical industry

Headquarters

HQ city

Hillside

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Contract Manufacturing: The company manufactures vitamins and nutritional supplements for sale to distributors, multilevel marketers, and specialized health-care providers through its subsidiary Manhattan Drug Company, Inc. This is the primary revenue driver.
2. Product Distribution: Distribution of nutritional products through major mass market, grocery, drug, and vitamin retailers via subsidiaries including AgroLabs, Chem International, and IHT Health Products.
3. Raw Materials Distribution: Distribution of certain raw materials for DSM Nutritional Products LLC through Chem International, Inc.
4. Warehousing and Fulfillment Services: Warehousing and fulfillment services provided through MDC Warehousing and Distribution, Inc.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels1 record

Core offering

Integrated BioPharma manufactures vitamins, nutritional supplements, and herbal products primarily through contract manufacturing relationships, and distributes nutritional products and raw materials through its subsidiaries. It serves the nutraceutical industry by providing US-manufactured, customizable products to distributors, multilevel marketers, healthcare providers, and mass-market retailers, complemented by warehousing and fulfillment services.

Product overview

Integrated BioPharma is a manufacturing and sales company engaged primarily in the manufacturing, distributing, marketing, and sales of vitamins, nutritional supplements, and herbal products. The company operates through five distinct subsidiaries: Manhattan Drug Company (contract manufacturing of vitamins and nutritional supplements), AgroLabs (distribution to mass market, grocery, and drug retailers), Chem International (raw materials distribution), IHT Health Products (natural botanicals distribution), and MDC Warehousing and Distribution (warehousing and fulfillment services). The portfolio is structured as a platform of operating companies serving the nutraceutical industry.

Differentiator

Problem solved

Functional benefit

Brands

• Manhattan Drug Company: Contract manufacturer of vitamins and nutritional supplements for sale to distributors, multilevel marketers and specialized health-care providers.
• AgroLabs
• IHT Health Products
• MDC Warehousing and Distribution

Products and services

• Contract Manufacturing of Vitamins and Nutritional Supplements Contract manufacturing of vitamins and nutritional supplements for sale to distributors, multilevel marketers, and specialized healthcare providers, operated through subsidiary Manhattan Drug Company, Inc.
• Nutritional Product Distribution Distribution of healthful nutritional products for sale through major mass market, grocery, drug, and vitamin retailers, with customization for resale or direct-to-consumer, operated through subsidiary AgroLabs, Inc.
• Raw Materials Distribution

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• DSM Nutritional Products LLCminorOthersChem International, Inc. serves as a distributor of certain raw materials for DSM Nutritional Products LLC, a major nutritional ingredient supplier. This relationship provides a distribution channel for raw material products in the nutraceutical supply chain.

Scale indicators9 records

Recent moves7 records

Expansion highlights2 records

Broad incumbents

• NOW Foods: Large US-based manufacturer and distributor of natural and organic supplements, personal care, and sports nutrition. Broad incumbent operating across the same category but with broader product portfolio, in-house brands, and global distribution versus IBP's contract manufacturing focus.
• Herbalife: Global nutrition company distributing meal replacement, weight-management, and supplement products through a multilevel marketing channel. Comparable as a counterpart in the nutraceutical MLM channel that buys contract-manufactured product similar to IBP's distributor and MLM customers.

Others

• Celsius Holdings: Public functional beverage company with significant board overlap (Director Damon DeSantis and Chairman Emeritus William H. Milmoe sit on Celsius's board). Related through governance and nutraceutical-industry positioning rather than direct product competition.

Direct peers

• Makers Nutrition: Contract manufacturer and packager of vitamins, supplements, and OTC products in multiple dosage forms. Direct competitor to Manhattan Drug Company offering private-label and custom manufacturing services to similar distributor and multilevel marketer customers.
• Robinson Pharma: Contract manufacturer of nutritional supplements and OTC drug products based in California. Closely comparable as a similarly-sized private-label and custom-formulation supplement manufacturer serving MLM and distribution customers.
• NutraScience Labs: Contract manufacturer of dietary supplements, sports nutrition, and functional beverages. Closely comparable as a custom contract manufacturer serving brand owners in the nutraceutical channel, mirroring Manhattan Drug Company's core contract manufacturing business.
• Natural Alternatives International: Contract manufacturer of nutritional supplements with focus on vitamins, minerals, and proprietary branded formulations. Comparable as a public custom contract manufacturer serving nutritional brand customers with similar capabilities to Manhattan Drug Company.
• Standard Process: US-based manufacturer of whole-food nutritional supplements serving healthcare practitioners. Comparable as a vertically integrated US nutritional supplement manufacturer with custom formulation capabilities, similar to Manhattan Drug Company's contract manufacturing and specialty supplement focus.

Regional players

• Vitamin Shoppe (parent: Franchise Group): US specialty retailer of vitamins, supplements, and nutritional products. Comparable as a downstream retail channel for nutritional supplement brands, representing the type of mass-market and specialty retailer customer served by IBP's AgroLabs distribution subsidiary.

Emerging players

• BGG Americas: Global ingredient supplier of standardized botanical extracts and nutritional raw materials. Comparable through Chem International's role as a raw material distributor for DSM, operating at a similar node in the nutraceutical ingredient supply chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Integrated BioPharma