Ronkonkoma, NY; Park City, UT—Supplement powerhouses NBTY and Nutraceutical Corporation have recently made some merger/acquisition news.
First, in a transaction that is expected to be finalized by the end this year, NBTy (owner of brands such as Solgar, Good ‘n Natural, Home Health and Ester-C) will soon be under The Carlyle Group’s ownership. The company plans to acquire the remainder of NBTy’s shares for $55.00 per share, which was 57% above the closing share price of $37.47 in mid-July. This merger comes with a heavy price tag: $3.8 billion.
In separate news, All One Inc. (a subsidiary of Nutritech) was acquired by Nutraceutical Corporation. According to Doug Ingoldsby, founder of ALL ONE/Nutritech, Nutraceutical has already started a division called ALL ONE, which will run at its utah site. Ingoldsby stated, “[Nutraceutical] is excited about the brand because it represents a category (powdered multiple supplements) that they don’t have representation in right now, which is good for us and for them.”
Ingoldsby noted that he sought out Nutraceutical Corporation as a buyer. “Even though it’s a publicly traded company, it’s run like a family business, which really appealed to me,” he stated. “It’s a great match…It seemed like the right time to make that step for ALL ONE, too.”
Published in WholeFoods Magazine September 2010