NBTY Inc. (NTY) announced the acquisition of Julian Graves, the UK's largest independent specialty natural food and ingredients retailer, for about US$25 million. Julian Graves has a network of 350 stores nationwide with annual sales of about US$120 million.
NBTY stated that the acquisition would expand NBTY's European Retail division from 638 stores to 983 stores.
NBTY Chairman and CEO, Scott Rudolph, commented, "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."
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