Executive Summary

Supplement company merging certain business operations with Zuellig Botanical Extracts in a deal worth $66 mil., the companies announce Dec. 9. In addition to Zuellig, the deal includes Wilcox Drug (Wilcox Natural Products) and ZetaPharm, and creates what the companies call the "leading U.S. supplier of herbal extracts, botanical raw materials and related products." Long Beach, Calif.-based Zuellig markets and distributes herbal extracts and other products, Wilcox cultivates and sources wild-crafted botanical raw materials and ZetaPharm "imports and distributes bulk vitamins, nutritional supplements, pharmaceutical ingredients and food additives." To "focus corporate resources...Hauser will discontinue its paclitaxel business and at the end of the current fiscal quarter will incur a one-time charge of approximately $25 mil.-$30 mil.," the companies note