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Hauser files Chapter 11

This article was originally published in The Tan Sheet

Executive Summary

El Segundo, Calif.-based supplement supplier files for bankruptcy with U.S. Bankruptcy Court for Central District of California April 1. Wholly-owned subsidiaries Botanicals International Extracts, ZetaPharm, Hauser Technical Services also file voluntary petitions, although Zuellig Botanicals, which does business as BI Nutraceuticals, "is not, and will not be a part of Hauser's bankruptcy filing," firm says. In September, Hauser sold Shuster Labs for $7.7 mil. to help pay down its debt (1"The Tan Sheet" Sept. 2, 2002, In Brief)...

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