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Rexall Sundown

This article was originally published in The Tan Sheet

Executive Summary

Company agrees to purchase Worldwide Sport Nutritional Supplements for $71.5 mil. cash. Worldwide, a privately held sports nutritionals firm that markets the Pure Protein line of bars and drinks, posted net sales of approximately $42 mil. in fiscal 1999. The acquisition is expected to close in March and will be slightly accretive in FY 2000. The deal builds upon Boca Raton, Fla.-based Rexall's growing foothold in the sports nutritionals category. Rexall recently acquired the sports nutrition firm Met-Rx Nutrition for $108 mil. (1"The Tan Sheet" Dec. 20, 1999, p. 3). Worldwide President and CEO David McCabe will retain his position
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