Chatsworth, CA (February 5, 2004) – NATROL INC. (NASDAQ: NTOL), a manufacturer and distributor of nationally branded nutritional supplements, announced today it has been honored as the 2003 “Vendor of the Year” for the Nutrition Center Division of Fred Meyer Stores.
The buying and merchandising staff for the Fred Meyer Nutrition Centers nominated Natrol to receive the award in recognition of its innovative and aggressive new product introductions and promotional plans.
“Natrol products turned in strong sales growth for the Fred Meyer Nutrition Centers in 2003 that outpaced the rate of growth of the entire nutritional supplements category,” Nancy Moon-Eilers, Vice President of the Nutrition Center Division for Fred Meyer, said. “Natrol continually goes above and beyond in helping us reach our mutual goals. We’re glad we can show them our appreciation in this way.”
Elliott Balbert, Natrol President and CEO, stated, “Natrol very much appreciates receiving this recognition. It’s not every day you get publicly thanked for your hard work and category insights. Last year’s results and this award are testaments to what a strong business partnership can mutually achieve.” Added Balbert, “Not only is it a great honor for our company, but also for the Natrol employees who deal with Fred Meyer every day.”
The award will be presented to Natrol at the Fred Meyer Vendors of the Year dinner tonight, February 5, 2004, in Portland, Oregon, where 17 companies selected by various divisions of Fred Meyer will receive their awards.
Natrol, Inc. is a diversified nutrition company that manufactures and markets premium branded nutritional products, functional teas and sports fitness products under the Natrol, Lace Le Beau Tea and Prolab Sports Nutrition labels. In addition, Natrol also provides premium grade nutraceutical ingredients as well as private label manufacturing through its Essentially Pure Ingredients (EPI) Division.
Natrol markets more than 200 nutritional products designed to meet a wide range of consumer needs. The products are available at more than 25,000 drug, food, mass market and independent health food stores, catalogues and Internet sites, gyms and specialty stores nationally and in select foreign countries. For more information visit http://natrol.com.
Fred Meyer Stores is headquartered in Portland, Oregon and features 134 multidepartment stores in Oregon, Washington, Alaska, Idaho, and Utah that offer one-stop shopping for a wide range of food, apparel, and general merchandise products. Fred Meyer is a division of The Kroger Co. (NYSE: KR), which is one of the largest food retail chains in the United States.
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