Natrol Expands with the Acquisition of Nu Hair(R) and Shen Min(R) from Biotech Corporation
14 October 2006 - 6:55AM
Business Wire
Natrol, Inc. (NASDAQ:NTOL), a premier manufacturer and distributor
of nationally branded nutritional products, today announced the
acquisition of the Nu Hair and Shen Min brands from Biotech
Corporation in Connecticut. Nu Hair and Shen Min are the number one
brands being sold nationally within the men�s and women�s hair
growth category for natural products. �This acquisition of the
successful Nu Hair and Shen Min brands supports one of Natrol�s key
growth objectives: strategic acquisitions. Addition of the brands
will provide Natrol the opportunity to expand in the hair growth
category for natural products,� stated Wayne M. Bos, President and
CEO of Natrol. He added, �Nu Hair and Shen Min are quality brands
that will leverage Natrol�s expertise in sales and marketing,
coupled with its strong distribution in mass market and health food
channels.� Gregory J. Kelly, President of Biotech Corporation,
said, �Having developed over the past ten years into the market
leader within the hair growth category for natural products,
Biotech is pleased to sell these brands to a larger, well
recognized and respected public company such as Natrol.� He added,
�Natrol will be able to take Nu Hair and Shen Min to the next
level, where the brands will continue to grow and fulfill their
highest potential.� Nu Hair products, distributed within the mass
market channel, include hair regrowth tablets for men and women, as
well as topical products, such as Thinning Hair Serum and
Thickening Shampoo. The Shen Min brand, marketed primarily within
the health food channel, consists of a similar line of products.
About Natrol Founded in 1980, Natrol, Inc. (NASDAQ:NTOL) is a
diversified nutrition company that manufactures and distributes
premium-branded nutritional supplements, herbal teas and sports
nutrition products under the Natrol�, Laci Le Beau� and Prolab�
brands, respectively. Natrol markets approximately 50 product
categories with more than 500 stock-keeping units (SKUs) designed
to meet a wide range of consumer needs. The products are available
at thousands of food, drug, mass market and independent health food
stores, catalogs and Internet sites, gyms and specialty stores
nationally and in select foreign countries. For more information,
visit www.natrol.com. The statements made in this press release
which are not historical facts, including statements regarding
expectations for future growth of revenue and profits and trends
concerning net sales, are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
As a result of a number of factors, the Company's actual results
could differ materially from those set forth in the forward-looking
statements. Certain factors that might cause Natrol's actual
results to differ materially from those set forth in the
forward-looking statements include adverse trends in the dietary
supplements industry, intense competition, adverse effects of
unfavorable publicity regarding particular products or the
Company�s industry generally, the Company�s dependence on the
introduction of successful new products, the Company�s ability to
gain market share and shelf space in each of its distribution
channels, the Company experiencing high rates of product returns,
and adverse government regulation, as well as those factors set
forth under the heading �Risk Factors� in the Company's Annual
Report on Form 10-K for the year ended December 31, 2005, and in
the Company�s other filings with the Securities and Exchange
Commission. Natrol, Inc. (NASDAQ:NTOL), a premier manufacturer and
distributor of nationally branded nutritional products, today
announced the acquisition of the Nu Hair and Shen Min brands from
Biotech Corporation in Connecticut. Nu Hair and Shen Min are the
number one brands being sold nationally within the men's and
women's hair growth category for natural products. "This
acquisition of the successful Nu Hair and Shen Min brands supports
one of Natrol's key growth objectives: strategic acquisitions.
Addition of the brands will provide Natrol the opportunity to
expand in the hair growth category for natural products," stated
Wayne M. Bos, President and CEO of Natrol. He added, "Nu Hair and
Shen Min are quality brands that will leverage Natrol's expertise
in sales and marketing, coupled with its strong distribution in
mass market and health food channels." Gregory J. Kelly, President
of Biotech Corporation, said, "Having developed over the past ten
years into the market leader within the hair growth category for
natural products, Biotech is pleased to sell these brands to a
larger, well recognized and respected public company such as
Natrol." He added, "Natrol will be able to take Nu Hair and Shen
Min to the next level, where the brands will continue to grow and
fulfill their highest potential." Nu Hair products, distributed
within the mass market channel, include hair regrowth tablets for
men and women, as well as topical products, such as Thinning Hair
Serum and Thickening Shampoo. The Shen Min brand, marketed
primarily within the health food channel, consists of a similar
line of products. About Natrol Founded in 1980, Natrol, Inc.
(NASDAQ:NTOL) is a diversified nutrition company that manufactures
and distributes premium-branded nutritional supplements, herbal
teas and sports nutrition products under the Natrol(R), Laci Le
Beau(R) and Prolab(R) brands, respectively. Natrol markets
approximately 50 product categories with more than 500
stock-keeping units (SKUs) designed to meet a wide range of
consumer needs. The products are available at thousands of food,
drug, mass market and independent health food stores, catalogs and
Internet sites, gyms and specialty stores nationally and in select
foreign countries. For more information, visit www.natrol.com. The
statements made in this press release which are not historical
facts, including statements regarding expectations for future
growth of revenue and profits and trends concerning net sales, are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. As a result of a
number of factors, the Company's actual results could differ
materially from those set forth in the forward-looking statements.
Certain factors that might cause Natrol's actual results to differ
materially from those set forth in the forward-looking statements
include adverse trends in the dietary supplements industry, intense
competition, adverse effects of unfavorable publicity regarding
particular products or the Company's industry generally, the
Company's dependence on the introduction of successful new
products, the Company's ability to gain market share and shelf
space in each of its distribution channels, the Company
experiencing high rates of product returns, and adverse government
regulation, as well as those factors set forth under the heading
"Risk Factors" in the Company's Annual Report on Form 10-K for the
year ended December 31, 2005, and in the Company's other filings
with the Securities and Exchange Commission.
Natrol (NASDAQ:NTOL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Natrol (NASDAQ:NTOL)
Historical Stock Chart
From Jul 2023 to Jul 2024