Supplements manufacturer NBTY announced that it had sold its US retail business, Vitamin World, to private investment firm Centre Lane Partners.
“NBTY is focused on building its core brands and reshaping its brand portfolio,” Andrea Staub, Vice President of Corporate Communications at NBTY, Inc., told NutraIngredients-USA. ”As the North American retail business is not core to our growth strategy in the USA, it became evident that Vitamin World would be best served through a partner who would make the necessary investment and support.”
“Once Vitamin World is sold, the company will operate as a stand-alone retailer under new ownership. Vitamin World will continue their normal business practice of annually reviewing the profitability of stores,” Staub added.
Vitamin World begain in 1976 with a kiosk in Williamsville, New York. To date, there are 380 Vitamin World stores in the US and its territories.
In a press release, Mayank Singh, a Managing Director at Centre Lane, added the following, “We are enthusiastic about working with the Vitamin World management team and employees to position the business for long term growth and success. They have done a terrific job of making Vitamin World one of the leading specialty retailers of vitamins, minerals and supplements and we want to build on that foundation.”