Nutraceutical International
This article was originally published in The Tan Sheet
Executive Summary
Firm announces acquisition of Castle Rock, Colo.-based firm Natural Balance for $9 mil. The acquisition brings a line of approximately 50 branded health and supplement products as well as "increased specialty product store penetration," according to Nutraceutical CEO Bill Gay. Natural Balance had pro forma net sales in excess of $10 mil. in 2003, according to the firm. Nutraceutical sales increased 23% to $37.6 mil. in the second quarter (ended March 31) with income up 20% to $4.2 mil...