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Twinlab

This article was originally published in The Tan Sheet

Executive Summary

First quarter sales jump 43.5% to $73.5 mil. and net income climbs 40.9% to $8 mil., the Hauppauge, N.Y.-based nutritional products company announces April 29. Twinlab's Changes International network marketing subsidiary reports sales of $12.6 mil. The firm acquired Changes in 1997 ("The Tan Sheet" Nov. 17, 1997, In Brief). Private label herbal products sales in the mass market soar to $18.1 mil. from $600,000 in the prior-year period; Twinlab intends to extend the line with 12 SKUs in the second quarter. The firm will use part of the $147.4 mil. in proceeds from its April public offering to pay for the acquisition of the Bronson Nutritional Division mail- order business from Jones Medical Industries for $55 mil. ("The Tan Sheet" March 23, p. 15)...
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