Sales & Earnings In Brief
This article was originally published in The Tan Sheet
Atrium's Garden deal grows sales: The Canadian health and nutrition products manufacturer and marketer continues growing revenues through acquisitions, with sales increasing 8 percent to $81.4 million in its fiscal 2009 third quarter. Atrium Innovations said Nov. 10 the sales growth was "mainly attributable" to its recent acquisition of Garden of Life, its late 2008 acquisition of Nutri-Health and sales of its branded products. The Quebec City-based firm also notes that without the negative impact from foreign currency exchange, revenues would have grown 18 percent. Net income for the July-September period was up 8.3 percent to $13.1 million, or 40 cents per diluted share. The $35 million acquisition of Garden of Life in September gave Atrium direct access to the company's distribution network of nearly 12,000 U.S. health food and specialty retail outlets, including major chains and independent stores (1"The Tan Sheet" Sept. 28, 2009)
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