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Rexall Retail Sales Soar 43% To $135 Mil. In Second Quarter

This article was originally published in The Tan Sheet

Executive Summary

Osteo Bi-Flex, Metab-O-Lite and the recently acquired Met-Rx business led Rexall Sundown to a 27% sales jump in the fiscal second quarter ended Feb. 29, the firm announced March 23.

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NBTY

Company to acquire SDV, Rexall Sundown's mail order vitamins and supplements business, firms announce March 24. SDV is the latest of about a dozen NBTY acquisitions of mail order nutritionals companies since 1986, the firm says. The sale is expected to clear regulatory hurdles and be completed in mid-April. SDV will be folded into NBTY's Puritan's Pride/Puritan.com business over the next two to three years, but the SDV brand will be retained for its products. SDV sales for the second quarter ended Feb. 29 were roughly $3 mil., a slight decline from the year-ago period but consistent with the division's performance since 1998, Rexall says (1"The Tan Sheet" March 27, p. 8)

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Rexall Sundown's planned $108 mil. acquisition of Met-Rx Nutrition would give the vitamin, mineral and supplement powerhouse a strong foothold in the sports nutritional category and an enhanced retail presence in health food and fitness channels.

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