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Nutrition Capital Network news: Vitamin Shoppe Acquisition of Super Supplements on Hold

Nutrition Capital Network news: Vitamin Shoppe Acquisition of Super Supplements on Hold

The U.S. Federal Trade Commission (FTC) has notified The Vitamin Shoppe (North Bergen, N.J.) that it is conducting an investigation into its planned acquisition of Super Supplements Inc. (Seattle, Wash.). A specialty retailer and direct marketer of nutritional products, The Vitamin Shoppe announced on December 17, 2012 a definitive agreement to purchase the Super Supplements retail chain for approximately $50 million. Super Supplements operates 31 stores in Washington, Oregon and Idaho and would expand the Vitamin Shoppe’s presence in the Pacific Northwest, where it currently operates only 17 stores. If the deal proceeds, Vitamin Shoppe expects Super Supplements to contribute approximately $75 million in revenue in 2013. The Vitamin Shoppe conducts business through more than 560 company-operated retail stores, the Internet and national mail order catalogs, generating net sales of $856.6 million in fiscal year 2011, up from $436.5 million in fiscal 2005.

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

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