Atrium acquisitions boost revenues
This article was originally published in The Tan Sheet
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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