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Natural Foods Merchandiser

Vitamin World sale completed

Vitamin World sale completed

NBTY’s sale of Vitamin World was completed on Feb. 16. VWRE Holdings Inc., an affiliate of Centre Lane Partners, bought the division of NBTY for approximately $25.6 million in cash and promissory note, according to a Securities and Exchange Commission filing.

An additional $5.5 million in cash is due 45 days after the closing for payment of certain preclosing inventory.

Additional provisions of the deal include:

  • Rights for NBTY to purchase common stock equal to 10 percent of the fully diluted equity of VWRE Holdings within 10 years.
  • A transition services agreement.
  • A supply agreement for NBTY to sell certain vitamin and nutritional supplement products to Vitamin World for up to two years.
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