NBTY acquisition
This article was originally published in The Tan Sheet
Executive Summary
Vertically integrated firm to purchase De Tuinen Dutch health food store chain from Royal Ahold for about $16.6 mil., NBTY announces Dec. 11. In deal expected to close first quarter of 2003, NBTY will acquire 44 company-owned De Tuinen stores and 21 franchised outlets located throughout the Netherlands. De Tuinen, which means "the garden" in Dutch, sells OTCs, dietary supplements and beauty care items; the chain has total annual revenue of roughly $30.2 mil., NBTY says. Royal Ahold, an international food retail service, noted NBTY is retaining De Tuinen's 350 employees. Acquisition extends NBTY's European presence, which currently consists of its Holland & Barrett chain in the UK, Ireland. Firm also expects to be the lead bidder for Rexall Sundown (1"The Tan Sheet" Nov. 18, 2002, p. 5)...
Vertically integrated firm to purchase De Tuinen Dutch health food store chain from Royal Ahold for about $16.6 mil., NBTY announces Dec. 11. In deal expected to close first quarter of 2003, NBTY will acquire 44 company-owned De Tuinen stores and 21 franchised outlets located throughout the Netherlands. De Tuinen, which means "the garden" in Dutch, sells OTCs, dietary supplements and beauty care items; the chain has total annual revenue of roughly $30.2 mil., NBTY says. Royal Ahold, an international food retail service, noted NBTY is retaining De Tuinen's 350 employees. Acquisition extends NBTY's European presence, which currently consists of its Holland & Barrett chain in the UK, Ireland. Firm also expects to be the lead bidder for Rexall Sundown (1 (Also see "Numico Consolidation Efforts Could Complicate Rexall Valuation" - Pink Sheet, 18 Nov, 2002.), p. 5).... |