NBTY agrees to sell Vitamin World to Centre Lane Partners
Deal will enable Vitamin World to operate as a stand-alone retail business
US-based NBTY, a global leader in vitamins, nutritional supplements and sports and active nutrition, has entered into a definitive agreement to sell its US retail business, Vitamin World, to private investment firm Centre Lane Partners. The transaction is expected to close by mid-February 2016 and will enable Vitamin World to operate as a stand-alone retail business.
'Vitamin World has a long history of meeting its customers' wellness needs. For some time, it has been clear that it should be a stand-alone business with the right investment and resources tailored to a retail operation,' said Steve Cahillane, President and CEO of NBTY. 'This sale to Centre Lane Partners will ensure Vitamin World has the right investment and focus on its future as a stand-alone retail business.'
'We are excited to begin this new journey with Centre Lane Partners and to continue giving Vitamin World's loyal customers the best products and service in the industry,' added Sue Gove, President of Vitamin World.
Vitamin World began in 1976 with a kiosk in Williamsville, New York. Today, there are 380 Vitamin World stores in the United States, Guam, the Virgin Islands and Puerto Rico.
