Rexall Sundown plans future without Pennex; announces plans for divestiture.
This article was originally published in The Tan Sheet
Executive Summary
REXALL SUNDOWN SEES MORE PROFITS IN PENNEX-LESS FUTURE; the company announced Aug. 31 that it has put its troubled private-label OTC manufacturing subsidiary on the block. Rexall said it is currently in discussions with "interested parties" regarding the divestiture.