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IVC purchases HealthRite Vitamin Specialties; quarter sales down 8.3% to $25.4 mil.

This article was originally published in The Tan Sheet

Executive Summary

IVC ENTERING RETAIL, MAIL-ORDER BUSINESS WITH ACQUISITION of HealthRite's Vitamin Specialties retail division under a recent agreement between the two companies. Freehold, N.J.-based IVC will pay approximately $3 mil. for the 15-store retail chain located in eastern Pennsylvania and southern New Jersey. In addition to its in-store retail activities, Vitamin Specialties sells its products through mail-order catalogs distributed to customers. The deal is expected to be final by the close of IVC's fourth quarter (ending July 31).
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