Numico announces the sale of part of the European supplements activities
Zoetermeer, 7 March 2003 – Royal Numico N.V. announces that it has reached an agreement on the sale of Health & Diet Group Ltd. for EUR 15.6 million with Holland & Barrett Group Ltd. The transaction will be effective as of 10 March 2003.
Health & Diet Group Ltd. is a UK based retail chain with 56 nutritional supplement stores under the GNC brand and a wholesale business that mainly supplies health shops in the UK. Both the production facility and the warehouse in Kearsley are included in the sale. The combined annualised sales in 2002 of the stores and the wholesale business amounted to approx. EUR 53 million, with a slightly negative contribution to EBITA. The company employs approximately 550 people.
Commenting on the sale, Jan Bennink, CEO of Numico, stated: “We are pleased to announce the sale of Health & Diet Group as a strategic step forward in the process of divesting the European supplements activities, as announced in November 2002.”
Holland & Barrett Europe Ltd. is a wholly-owned subsidiary of US based NBTY Inc. and operates 450 health food stores in the UK.Royal Numico is a leader in specialised nutrition including infant nutrition, clinical nutrition and GNC (nutritional supplements). The company operates in over 100 countries and employs more than 28,500 people ( www.numico.com).