Sales & Earnings In Brief
This article was originally published in The Tan Sheet
Executive Summary
Nutrition 21: Total revenues for the Purchase, N.Y.-based firm's fiscal 2007 Q2 (ended Dec. 31, 2006) were $9.4 mil. compared to $2.1 mil. for the prior-year period. "We are beginning to benefit from the synergies we expected from our Iceland Health acquisition," Nutrition 21 CEO Paul Intlekofer says in a Feb. 13 release. Nutrition 21 announced in August 2006 its plan to acquire Iceland Health (1"The Tan Sheet," Aug. 21, 2006, p. 5). Intlekofer also says the firm is on schedule to begin national distribution of both Iceland Health Maximum Strength Omega-3 and Iceland Health Joint Relief products between March and May at major food, drug and mass retailers. "By the end of our fiscal year on June 30, we expect to have five branded product lines in national distribution that address pre-diabetes, diabetes, cardiovascular health, arthritis/joint health and HIV," Intlekofer says...
You may also be interested in...
Dannon Launches New Activia Product, DanActive, Forms Partnerships
Dannon will launch Activia Light nonfat yogurt in the U.S. following the successful introduction of the original version of the product, the firm announced Jan. 22
New Products In Brief
Calorie-burning green tea: Coca-Cola and Nestlé will introduce Enviga, a sparkling green tea beverage "proven to burn calories," to the northeast U.S. market in November, the firms state Oct. 11. A nationwide launch of the product will begin in January. A 12 oz. can of Enviga contains 90 mg of EGCG (green tea extracts), 20% daily calcium and caffeine to boost metabolism, the firms state. "Healthy subjects in the lean to normal weight range can experience an average increase in calorie burning by 60-100 calories" with the consumption of three cans of Enviga over the course of a day, according to a study conducted by the Nestlé Research Center in Lausanne, Switzerland in collaboration with the University of Laussane, the firms state. The drink will be available in green tea, berry and peach flavors for an SRP of $1.29 - $1.49 a can...
Nutrition 21 Expands Into Cardiovascular Area With Iceland Health Buy
Nutrition 21 strengthens its focus on finished products and gains entry to the omega-3 market with the purchase of fish oil importer and manufacturer Iceland Health