NBTY to Acquire Rexall Sundown
Nutritional supplements maker NBTY (NBTY Quote) agreed to acquire Rexall Sundown from Royal Numico of the Netherlands for $250 million in cash.
Rexall, itself a maker of supplements, had sales of $455 million last year. NBTY, which posted sales of $964 million in fiscal 2002, expects to close the acquisition in July.
Rexall's portfolio of nutritional supplement brands includes Rexall, Sundown, Osteo Bi-Flex, CarbSolutions and MET-Rx. NBTY said the transaction will complement its existing wholesale products and provide an enhanced sales infrastructure and additional manufacturing capacity.
Numico paid $1.8 billion to acquire Rexall in 2000.
NBTY markets products under several brands, including Nature's Bounty, Vitamin World and Puritan's Pride.
Shares of NBTY were gaining $2.95, or 17%, to $20.26 in recent Nasdaq trading.
- Loading Comments...
- Loading Comments...
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,406.96 | 1,109.30 | 2,197.85 | 33.31 |
Oil *
78.75
|
|
UP
136.49
|
UP
15.82
|
UP
29.97
|
DOWN
0.98
|
10 Yr
3.33%
SPDR Gold
111.63
|
|
+1.33%
|
+1.45%
|
+1.38%
|
-2.86%
|
Data delayed 20 minutes |














