Sale of PanGeo Natural Health Lines to Jamieson Approved

According to a Toronto Star article, the Quebec Superior Court has approved the sale of Pangeo Phamra Inc.'s natural health products business and ordered the company to transfer the Quest and Wampole branded vitamin and herbal lines to Jamieson, free and clear of Pangeo's creditors claims.

The deal, which is expected to close this week, includes the accounts receivable, intellectual property, inventory related to PanGeo's natural health products business and associated 50,000 square foot manufacturing and distribution centre in Vancouver.

Jamieson has said it intends to hire the 135 employees at Wampole and Quest that the two brands (representing 170 products) will continue to be distributed and marketed as Wampole and Quest throughout North America.

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