North Bergen-based Vitamin Shoppe Inc., a leading multichannel specialty retailer of nutritional products, announced Monday that it has purchased FDC Vitamins LLC for approximately $85 million.According to the announcement, FDC Vitamins does business as Nutri-Force Nutrition, a contract manufacturer of vitamins, minerals and supplements.
Commenting on the transaction, Tony Truesdale, Vitamin Shoppe CEO said in a statement, “I’m very pleased to announce plans to expand our sourcing capabilities with the strategic acquisition of Nutri-Force. The company is attractive to us for a number of key reasons that fit with our long-term needs and include: a high-quality management team, product development expertise and capability, and the ability to produce and ship from one facility four key form factors – soft gels, tablets, powders and capsules. Furthermore, Nutri-Force is an industry leading contract manufacturer with thriving partnerships that we intend to fully support.”
“I am thrilled that the next phase of Nutri-Force’s growth will be combined with the Vitamin Shoppe. As part of the Vitamin Shoppe family, Nutri-Force will be thoughtful and disciplined as it grows the business while at the same time leveraging the strengths and scale of the Vitamin Shoppe,” Anthony Alfonso, president, founder and CEO of Nutri-Force said in a statement.
ALSO ON NJBIZ:
NJBIZ General Counsel winners: Seven top lawyers bring home big awards
Ongoing support from Newark business leaders key to Military Park’s future, board member says
Panel will discuss fathers, daughters and businesses