Nutrition Business Journal
Nutrition Capital Network news: Reckitt Outbids Bayer for Schiff Nutrition

Nutrition Capital Network news: Reckitt Outbids Bayer for Schiff Nutrition

Reckitt Benckiser Group PLC (Slough, U.K.) looks set to acquire Schiff Nutrition International Inc. (Salt Lake City, Utah), a leading provider of branded nutritional supplements and bars, for approximately $1.4 billion in cash. Bayer of Germany had previously offered a deal valued at $1.2 billion; Schiff will pay Bayer a $22 million termination fee. Reckitt’s purchase price is 16.5 times the $85 million of EBITDA that Schiff expects to make in the year to May 2013, according to Reuters. Schiff’s best known brands include Move Free for joint health, MegaRed omega-3 for heart health, Schiff Vitamins, Airborne for immunity, and Tiger’s Milk, a nutrition bar introduced in the 1960s. Schiff generated net sales of $259 million in fiscal year ended May 31, 2012. Reckitt is a global consumer goods leader in health, hygiene, and home products and ranks in the top 25 companies on the London Stock Exchange. Reckitt brands include Lysol, Clearisil, Calgon, Dettol, Nurofen and others.



Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.

For more finance and investment information, visit Nutrition Capital Network news

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.