Glucose control snack crisps get expanded distribution
ST. LOUIS ExtendSnacks recently announced expanded distribution of its ExtendCrisps, a crunchy snack using a patented formulation of uncooked cornstarch to help provide up to 9 hours of glucose control.
First launched in January, these all-natural crisps retail for a suggested $1.59 for a snack-size bag and are available in five flavors—white cheddar, Italian herb, honey BBQ, cinnamon and zesty ranch.
Wyeth buys ThermaCare from P&G
MADISON, N.J. Wyeth Consumer Healthcare on Tuesday announced it had acquired the ThermaCare brand from Procter & Gamble for an undisclosed sum.
“ThermaCare is a great brand and a strategic fit for our pain management franchise,” stated Cavan Redmond, president, Wyeth Consumer Healthcare. “We are excited about the brand’s growth potential. Millions of consumers have relied on ThermaCare for consistent, uniform heat to help them be as active as they want to be.”
The transaction is expected to close within the next few months.
According to Wyeth, ThermaCare fits the company’s strategy to accelerate growth through innovation, organic geographic growth and strategic acquisitions in the division’s base business, which includes pain management, respiratory, nutritional, gastrointestinal and topical products. ThermaCare will join the company’s pain franchise that includes Advil.
The heat wraps are manufactured in Albany, Ga. in a facility that will be maintained by Wyeth after the transaction closes.
Michael Zeher named head of Nutrition 21
PURCHASE, N.Y. Nutrition 21 on Tuesday named Michael Zeher the company’s president and chief executive officer, effective July 14.
“Mike’s extensive experience in the nutritional supplement industry will enable him to set a clear course for the company in the future,” stated John Gutfreund, Nutrition 21 chairman. “Mike also knows well how to manage and motivate a small, entrepreneurial organization to get the maximum value out of every employee. Under his leadership, the board fully expects that the company will enjoy renewed growth, both in revenues and in profits.”
“I believe this company is uniquely positioned to grow into a thriving and profitable business providing products to support active, healthy lives and improved cognitive function,” Zeher added.
Zeher succeeds Mike Fink and Gerry Butler, who had shared responsibility as co-chief executive officers since March. Fink and Butler will continue with Nutrition 21 as co-chief operating officers.
Zeher most recently served as president and chief executive officer of Nutritional Laboratories, before which he was president and chief operating officer of Pharmaceutical Formulations, where he led the integration and growth of the company’s branded division platform, Konsyl.
Earlier in his career Zeher held various management positions of increasing responsibility with Johnson & Johnson and Marion Merrill Dow. He is a graduate of Old Dominion University.