NBTY Private Label Business Woes Prompt Facilities Restructuring
This article was originally published in The Tan Sheet
Executive Summary
The nutritional products firm is ceasing operations at several domestic locations, mainly involved in private label and contract manufacturing, likely pressed by owner The Carlyle Group to shrink its footprint and cut costs. NBTY expects to absorb between $34 million and $45 million in pre-tax restructuring costs.
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