NBTY Acquires Leading UK Food Specialty Retailer Julian Graves
The acquisition will expand NBTY's European Retail division from 638 stores to 983 stores.
18/09/08 NBTY, Inc., (http://www.NBTY.com), a leading global manufacturer and marketer of nutritional supplements, announced it has acquired Julian Graves, the UK's largest independent specialty natural food and ingredients retailer for approximately $25 million USD. Julian Graves has a network of 350 stores nationwide with annual sales of approximately $120 million USD.
The acquisition will expand NBTY's European Retail division from 638 stores to 983 stores.
NBTY Chairman and CEO, Scott Rudolph, said: "The acquisition of Julian Graves is an integral part of NBTY's strategic plan to enhance its position as the number one supplement retailer in the UK and gain greater market share. We continue to seek acquisitions which generate growth and further entrench NBTY as the worldwide leader in the nutritional supplement industry."
