Tucson, July 31, 2009 Arizona Star
Vitamin subsidiary is sold for $8.25M
Scottsdale-based Baywood International Inc. said Thursday that it has agreed to sell the assets of its wholly owned vitamin subsidiary, Nutritional Specialties Inc., to Nutra Inc., a subsidiary of Utah- based Nutraceutical International Corp.
Nutritional Specialties does business as LifeTime Vitamins. The purchase price was $8.25 million in cash, less payment of liabilities and certain pre-closing working capital adjustments.
Baywood said it will focus on the growth of its New Leaf Tea and future beverage products.
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