Hauser
This article was originally published in The Tan Sheet
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
You may also be interested in...
Supplement GMP Warning Letters Make Modest Debut In 2010
Finalization of a settlement between the Federal Trade Commission and Rexall Sundown regarding unsupported cellulite treatment claims for the firm's Cellasene dietary supplement hinges upon approval of two related class action settlements pending in California and Florida, according to FTC
People In Brief
Perrigo promotes in pricing, planning
Supplement GMP Warning Letters Make Modest Debut In 2010
Finalization of a settlement between the Federal Trade Commission and Rexall Sundown regarding unsupported cellulite treatment claims for the firm's Cellasene dietary supplement hinges upon approval of two related class action settlements pending in California and Florida, according to FTC
Need a specific report? 1000+ reports available
Buy Reports
Register for our free email digests: