NBTY, the New York based manufacturer of nutritional supplements, has just announced that they have expanded their global reach by purchasing Julian Graves, the UK’s largest independent specialty natural foods manufacturer.
Julian Graves has a network of over 300 stores across the UK and has annual sales of over $120 million dollars. The acquisition will expand NBTY’s European division greatly from just over 600 stores, to well over 900 stores.
NBTY, one of the largest nutritional supplement makers in the US, currently sells products both the retail distribution and by independent distributors around the world through its subsidiaries such as Natures Bounty, Vitamin World, Puritans Pride and MET-Rx.
Just this past June, NBTY won a bidding war during which it acquired a bankrupt California competitor, Leiner Health Products,-www.leiner.com- That acquisition greatly expanded the company’s position in the U.S. The $25 million dollar purchase of Julian Grace enhances NBTY’s position as the number one supplement retailer in the UK and will allow the company to gain a greater market share.
“The acquisition of Julian Graves is an integral part of NBTY’s strategic plan to enhance its position as the number one supplement retailer in the UK and gain greater market share,” says NBTY chairman and CEO Scott Rudolph. “We continue to seek acquisitions which generate growth and further entrench NBTY as the worldwide leader in the nutritional supplement industry.”
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