The Vitamin Shoppe to buy Super Supplements for $50 million
NORTH BERGEN, N.J. — The Vitamin Shoppe will buy a Pacific Northwest-based supplement chain, the New Jersey-based company said.
The Vitamin Shoppe said it would buy Super Supplements for $50 million. Super Supplements operates 31 stores in Washington, Oregon and Idaho, and the Vitamin Shoppe said the acquisition would expand its presence in the Northwest, where it already operates 17 stores. The transaction is expected to close on Dec. 31.
"Super Supplements shares our same values and commitment to health and wellness and will be a strategic and cultural fit for the Vitamin Shoppe," CEO Tony Truesdale said. "Super Supplements is an established retailer with a strong track record of providing a broad selection of high-quality products and a commitment to superior customer service. The expansion of our West Coast presence is an exciting step in our continued growth as a national specialty [vitamin, mineral and supplements] retailer."
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iSatori to launch new weight-loss supplement
GOLDEN, Colo. — Supplement maker iSatori has launched a new weight-loss supplement product, the company said.
BioGenetic Labs, a division of the company, announced Tuesday the pending launch of Belly-Off, a combination of conjugated linoleic acid, guarana, yerba mate and damiana designed to help users reduce belly fat. The company plans to start shipping the product this month and make it available at retailers nationwide in January 2013.
"Three newly published research studies revealed that while losing weight and reducing body fat, especially around the waist, can be very challenging, the process can benefit from daily supplementation of CLA combined with a new weight-loss energy blend we discovered called YGD," iSatori CEO Stephen Adele said. "In all three studies, subjects were shown to lose significantly more body fat than participants who were given a placebo."
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GSK to submit comments on FDA smoking-cessation products hearing
PARSIPPANY, N.J. — The consumer products division of British drug maker GlaxoSmithKline wants its voice heard at a Food and Drug Administration hearing scheduled for next year on a section in a 2009 law to regulate tobacco products that deals with smoking-cessation products, the company said Monday.
GSK Consumer Healthcare said it would submit written comments to the FDA’s public docket in January 2013 concerning its positions on Sec. 918 of the Family Smoking Prevention and Tobacco Control Act of 2009, scheduled for April 2013. The section deals with products used to treat dependence on tobacco.
The purpose of the hearing is to advance the discussion of expanding the use of smoking cessation medicines, including nicotine-replacement therapy. The drug maker said it endorsed the FDA’s actions and "strongly" recommended that the agency adopt a comprehensive regulatory policy that allows smokers multiple approaches to quitting smoking, citing a study indicating that about 70% of the more than 45 million Americans who smoke want to quit.
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