KI NutriCare To Acquire Allergy Research Group for $19.5 million

KI NutriCare, a wholly-owned subsidiary of , announced that it will acquire Allergy Research Group for approximately $19,500,000 through an all cash tender offer of $1.33 per share.


The transaction was unanimously approved by the Board of Directors of Allergy Research Group. Upon completion of the acquisition, Allergy Research Group will become a wholly-owned subsidiary of KI NutriCare and will continue operations in Alameda, California.

Allergy Research Group, through its wholly-owned subsidiary, Nutricology Inc., was founded by Dr. Stephen A. Levine in 1979 to produce and sell high-quality nutritional supplement products. KI NutriCare expects the acquisition of Allergy Research Group will enhance the position of the Kikkoman group as a global player in the food and health fields by expanding their presence in the nutritional supplements business.

Dr. Levine will continue to provide services to the combined entity as a consultant. Manfred Salomon, the current President of Allergy Research Group, will also continue to serve the combined entity as its Chief Operating Officer.

The tender offer is conditioned upon, among other things, 67% of Allergy Research Group’s shares being tendered in the offer. The transaction will be financed through cash on hand. Provided the minimum tender condition is met, the transaction is expected to close in the third quarter of 2008, subject to customary closing conditions and termination rights. There can be no assurance that the transaction will be consummated.

About Allergy Research Group, Inc.

Allergy Research Group, together with its wholly-owned subsidiary, Nutricology Inc., is a leader in nutraceutical research and product formulation. The company has produced quality, hypoallergenic nutritional supplements since 1980 and currently supplies products to over 4,000 physicians and healthcare practitioners worldwide. Allergy Research Group has introduced a number of specialty products to the US, including melatonin (a neurohormone), germanium sesquioxide (a trace mineral), AntiOx(TM) (a broad-spectrum antioxidant), Buffered Vitamin C and Nattokinase (an enzyme derived from boiled soybeans).

About KI NutriCare, Inc.

KI Nutricare, through its wholly-owned subsidiary, Country Life, LLC., sells a wide range of nutrition products, including, an extensive line of vitamins, nutritional supplements and personal care products. KI Nutricare is a wholly-owned subsidiary of Kikkoman Corporation.

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