RONKONKOMA, N.Y., July 14 /PRNewswire-FirstCall/ -- NBTY, Inc. (NYSE: NTY) (http://www.NBTY.com), a leading global manufacturer and marketer of nutritional supplements, today announced that it has completed the purchase of substantially all of the assets of Leiner Health Products Inc. for approximately $371 million. The terms of the Asset Purchase Agreement provide for various working capital adjustments.
NBTY is acquiring substantially all of Leiner's assets, including its U.S. store brand vitamins, minerals and supplements products as well as Vita Health Products, Inc., Leiner's Canadian subsidiary.
Moelis & Company LLC provided advisory services and Farrell Fritz, P.C. provided legal advice in connection with the acquisition.
NBTY Chairman and CEO, Scott Rudolph, said: "The Leiner acquisition will further enhance our manufacturing capabilities and dominant market presence as the worldwide leader in the nutritional supplement industry. NBTY's history of successful strategic acquisitions reflects our commitment to generating growth, providing the highest quality service to our customers and increasing shareholder value."
About Leiner Health Products
Founded in 1973 and headquartered in Carson, California, Leiner Health Products is America's leading manufacturer of store brand vitamins, minerals, and nutritional supplements and supplies the food, drug, mass merchant and warehouse club retail market. Leiner provides leading retailers with over 2,000 products to help its customers create and market high-quality store brands at low prices. It is also the largest supplier to the U.S. military and markets its own brand of vitamins under YourLife(R).
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 n
|SOURCE NBTY, Inc.|
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