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Atrium acquisitions boost revenues

This article was originally published in The Tan Sheet

Executive Summary

Canadian health and nutrition products manufacturer and marketer Atrium Innovations says acquisitions and organic sale growth drove a 15.5 percent increase in net revenues to $70.6 million in its 2009 first quarter. Atrium in January purchased probiotic firm Nutri-Health Supplements of Cottonwood, Ariz., and added German enzyme manufacturer Enzym-Arzneimittel-Berlin to its operations in late 2008 (1"The Tan Sheet" Jan. 12, 2009, In Brief). The Quebec City-based firm said May 12 that it anticipates increasing U.S. sales of Wobenzym N enzyme support formula, which is approved for sale at Whole Foods. Net earnings during the January-March period from continuing operations were essentially flat, inching up to $10.6 million from $10.5 million
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