NBTY Anticipates Nearly 25 Percent Boost From Leiner’s Business
This article was originally published in The Tan Sheet
Supplement manufacturer NBTY expects the addition of Leiner Health Products' business will increase its annual sales by more than $500 million - nearly 25 percent
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NBTY's acquisition of private label nutritionals manufacturer Vitarich Laboratories allows the firm to expand its in-house production of liquid nutritional products and builds its presence in the category.
NBTY hopes to remain a supplement industry giant in part by continuing to acquire other businesses, a strategy with an improving outlook as opportunities emerge during the global economic slump
NBTY plans to raise prices for its Nature's Bounty brand dietary supplements in January 2009 following a 63.8 percent decrease in net income in its latest earnings period