This article was originally published in The Tan Sheet
Company announces July 14 it has completed the previously announced divestiture of its Vitamin Specialties retail unit. As before, the purchaser and terms were not disclosed. At the time of the initial announcement, the total sale package was said to be close to the $2.8 mil. IVC acquired the 16-store chain in southern New Jersey and Pennsylvania in 1997 (1"The Tan Sheet" April 26, p. 15)
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IVC has signed a letter of intent to sell its Vitamin Specialties retail and mail-order unit to an unnamed buyer, the company announced April 19. Terms of the deal were not disclosed, but the total sale package is said to be close to the $2.8 mil. the firm paid for the 16-store chain in June 1997. Vitamin Specialties stores are located in Pennsylvania and southern New Jersey.
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