NBTY to Acquire Ester-C(R): A Well Known Branded and Patented Highly Effective Form of Vitamin C
August 14 2006 - 8:30AM
PR Newswire (US)
BOHEMIA, N.Y., Aug. 14 /PRNewswire-FirstCall/ -- NBTY, Inc.
(NYSE:NTY) (http://www.nbty.com/), a leading global manufacturer
and marketer of nutritional supplements, today announced it has
entered into a contract to acquire Zila Nutraceuticals, Inc.,
manufacturer and marketer of the Ester-C(R) nutritional supplement
brand. Zila Nutraceuticals Inc. is a business unit of Zila, Inc.
(NASDAQ:ZILA). NBTY will purchase the stock of Zila Nutraceuticals
Inc. for approximately $40 million in cash, including up to a $3
million contingent payment which is based upon EBITDA performance.
The transaction, which is subject to the approval of Zila, Inc.
shareholders, is expected to close by October 2006. Zila
Nutraceuticals had $18 million in net revenue for the nine months
ended April 30, 2006. NBTY Chairman and CEO, Scott Rudolph, said:
"The acquisition of Ester-C(R) expands our broad array of superior
quality products with a well-recognized brand having strong
consumer appeal. Ester-C(R) is known throughout multiple markets
including health food stores and mass market retailers and its
acquisition represents an opportunity for NBTY to enhance its
presence in key markets." ABOUT NBTY NBTY is a leading vertically
integrated manufacturer, marketer and distributor of a broad line
of high-quality, value-priced nutritional supplements in the United
States and throughout the world. Under a number of NBTY and third
party brands, the Company offers over 22,000 products, including
products marketed by the Company's Nature's Bounty(R), Vitamin
World(R), Puritan's Pride(R), Holland & Barrett(R), Rexall(R),
Sundown(R), MET-Rx(R), WORLDWIDE Sport Nutrition(R), American
Health(R), GNC (UK)(R), DeTuinen(R), LeNaturiste(TM), SISU(R) and
Solgar(R) brands. This release contains certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 with respect to our financial condition, results
of operations and business. These forward-looking statements can be
identified by the use of terminology such as "subject to,"
"believe," "expects," "plan," "project," "estimate," "intend,"
"may," "will," "should," "can," or "anticipates," or the negative
thereof, or variations thereon, or comparable terminology, or by
discussions of strategy. Although all of these forward looking
statements are believed to be reasonable, they are inherently
uncertain. Factors which may materially affect such forward-looking
statements include: (i) slow or negative growth in the nutritional
supplement industry; (ii) interruption of business or negative
impact on sales and earnings due to acts of God, acts of war,
terrorism, bio- terrorism, civil unrest or disruption of mail
service; (iii) adverse publicity regarding nutritional supplements;
(iv) inability to retain customers of companies (or mailing lists)
recently acquired; (v) increased competition; (vi) increased costs;
(vii) loss or retirement of key members of management; (viii)
increases in the cost of borrowings and/or unavailability of
additional debt or equity capital; (ix) unavailability of, or
inability to consummate, advantageous acquisitions in the future,
including those that may be subject to bankruptcy approval or the
inability of NBTY to integrate acquisitions into the mainstream of
its business; (x) changes in general worldwide economic and
political conditions in the markets in which NBTY may compete from
time to time; (xi) the inability of NBTY to gain and/or hold market
share of its wholesale and/or retail customers anywhere in the
world; (xii) unavailability of electricity in certain geographical
areas; (xiii) the inability of NBTY to obtain and/or renew
insurance and/or the costs of the same; (xiv) exposure to and
expense of defending and resolving, product liability claims and
other litigation; (xv) the ability of NBTY to successfully
implement its business strategy; (xvi) the inability of NBTY to
manage its retail, wholesale, manufacturing and other operations
efficiently; (xvii) consumer acceptance of NBTY's products; (xviii)
the inability of NBTY to renew leases for its retail locations;
(xix) the inability of NBTY's retail stores to attain or maintain
profitability; (xx) the absence of clinical trials for many of
NBTY's products; (xxi) sales and earnings volatility and/or trends
for the Company and its market segments; (xxii) the efficacy of
NBTY's Internet and on-line sales and marketing strategies; (xxiii)
fluctuations in foreign currencies, including the British Pound,
the Euro and the Canadian dollar; (xxiv) import-export controls on
sales to foreign countries; (xxv) the inability of NBTY to secure
favorable new sites for, and delays in opening, new retail
locations; (xxvi) introduction of and compliance with new federal,
state, local or foreign legislation or regulation or adverse
determinations by regulators anywhere in the world (including the
banning of products) and more particularly proposed Good
Manufacturing Practices in the United States, the Food Supplements
Directive and Traditional Herbal Medicinal Products Directive in
Europe and Section 404 requirements of the Sarbanes-Oxley Act of
2002; (xxvii) the mix of NBTY's products and the profit margins
thereon; (xxviii) the availability and pricing of raw materials;
(xxix) risk factors discussed in NBTY's filings with the U.S.
Securities and Exchange Commission; (xxx) adverse effects on NBTY
as a result of increased gasoline prices and potentially reduced
traffic flow to NBTY's retail locations; (xxxi) adverse tax
determinations; (xxxii) the loss of a significant customer of the
Company; and (xxxiii) other factors beyond the Company's control.
Readers are cautioned not to place undue reliance on
forward-looking statements. NBTY cannot guarantee future results,
trends, events, levels of activity, performance or achievements.
NBTY does not undertake and specifically declines any obligation to
update, republish or revise forward- looking statements to reflect
events or circumstances after the date hereof or to reflect the
occurrences of unanticipated events. Consequently, such
forward-looking statements should be regarded solely as NBTY's
current plans, estimates and beliefs. Contact: Harvey Kamil Carl
Hymans NBTY, Inc. G.S. Schwartz & Co. President and Chief
Financial Officer 212-725-4500 631-200-2020 DATASOURCE: NBTY, Inc.
CONTACT: Harvey Kamil of NBTY, Inc., President and Chief Financial
Officer, +1-631-200-2020; or Carl Hymans of G.S. Schwartz & Co.
for NBTY, Inc., +1-212-725-4500, Web site: http://www.nbty.com/
Copyright
Zila (NASDAQ:ZILA)
Historical Stock Chart
From May 2024 to Jun 2024
Zila (NASDAQ:ZILA)
Historical Stock Chart
From Jun 2023 to Jun 2024