Nutroganics, Inc. (NUTT) Closes Acquisition of NuStar
April 14 2014 - 9:00AM
Marketwired
Nutroganics, Inc. (NUTT) Closes Acquisition of NuStar
BETHESDA, MD--(Marketwired - Apr 14, 2014) - Nutroganics, Inc.
(PINKSHEETS: NUTT) ("Nutroganics") announces the closing of the
NuStar Manufacturing, LLC acquisition, a state of the art,
specialty, nutritional manufacturing facility in Orem, UT. NuStar
is an FDA, USDA Organic, and Kosher certified facility, which
specializes in manufacturing liquid, gel, and powder nutritional
supplements in single and multiple dose flexible packets, pouches,
and containers. NuStar's capabilities include formulating,
sourcing, blending, mixing, batching, filling, and packing
nutritional products for customers. With approximately $3 million
in operational revenue in 2013, Nustar expects its 2014 revenues to
be even higher, given its existing sales pipeline and deal
opportunities.
David Sackler, Nutroganics' President & CEO, said, "We are
pleased to announce this major milestone for NUTT. This
acquisition of NuStar provides Nutroganics with the platform to
leverage co-packing opportunities with our brand partners, as well
as capitalize on our many years of relationships within the
industry. "
Nutroganics continues to look at several other potential
acquisitions as part of the company's "buy and build" growth
strategy.
About Nutroganics:
Nutroganics, Inc. acquires and grows revenue-generating businesses
operating in the healthy lifestyle marketplace, and seeks to
capitalize on synergies from manufacturing through distribution.
Nutroganics previously acquired Silverbow Honey Company, a producer
and packager of honey products founded in 1945 and based in Moses
Lake, Washington.
For more information about this release and Company on-goings,
contact David Sackler at dsackler@nutroganics.com or at
(516)-513-5113.
Forward-Looking Statements:
This release may contain forward-looking statements, which involve
known and unknown risks, uncertainties, and other factors, which
may cause Nutroganics' actual results, performance, or achievements
to be materially different from actual future results expressed or
implied by the forward-looking statements. We undertake no
obligation to update any forward-looking statements after the date
of such statements.
Contact: David Sackler Email Contact (516)-513-5113
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