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NBTY Announces Agreement to Purchase Leiner Health Products
Date:6/10/2008

RONKONKOMA, N.Y., June 10 /PRNewswire-FirstCall/ -- NBTY, Inc. (NYSE: NTY) (http://www.NBTY.com), a leading global manufacturer and marketer of nutritional supplements, today announced it submitted the best and highest bid at an auction held on June 9, 2008 for the purchase of substantially all of the assets of Leiner Health Products, Inc. ("Leiner").

In connection with the auction, NBTY entered into an amended and restated Asset Purchase Agreement (the "Agreement") for the purchase of substantially all of the assets of Leiner for approximately $371 million plus assumption of certain liabilities. The Agreement provides for a downward purchase price adjustment if the amount of actual working capital at the closing is less than $110 million, and for an upward purchase price adjustment if the amount of actual working capital at closing is greater than $110 million.

The Agreement is subject to the approval of the bankruptcy court presiding over Leiner's chapter 11 bankruptcy proceedings. The purchase transaction is also subject to regulatory and other customary approvals and customary closing conditions. NBTY expects to consummate the acquisition by no later than September 2008.

NBTY Chairman and CEO, Scott Rudolph, said: "The Leiner acquisition reflects our ongoing efforts to better meet the needs of our customers by providing them with the highest quality service and continuous product supply. We continue to seek acquisitions which will enhance our position as the worldwide leader in the nutritional supplement industry and further our ongoing efforts to generate growth and increase shareholder value."

ABOUT NBTY

NBTY is a leading global vertically integrated manufacturer, marketer and distributor of a broad line of high-quality, value-priced nutritional supplements in the United States and throughout the world. Under a number of NBTY and third party brands, the Company offers ove
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SOURCE NBTY, Inc.
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