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Chattem to acquire dietary supplement marketer Sunsource for approximately $37.5 mil..

This article was originally published in The Tan Sheet

Executive Summary

CHATTEM ACQUISITION OF SUNSOURCE INTERNATIONAL FOR APPROXIMATELY $37.5 MIL. was announced by the Chattanooga, Tenn.-based health and beauty care products marketer May 23. The companies have signed an agreement for the purchase of the Maui, Hawaii-based dietary supplement marketer for cash and stock with a total value of roughly 1-1/2 times Sunsource's 1996 sales of $25 mil.
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