Natrol, Inc. Enters into Joint Venture for China
01 May 2007 - 10:00PM
Business Wire
Natrol, Inc. (NASDAQ: NTOL), a leading manufacturer and marketer of
nationally branded nutritional products, announced that it has
entered into a joint venture with a group of Chinese businessmen to
develop an operational platform in China for sales, marketing and
distribution of the Company�s products. Wayne Bos, Natrol�s
President and CEO, commented �We believe that the market
opportunity for our products in China and the Asian region is
extremely compelling. Chinese culture has, for thousands of years,
understood and accepted the wisdom of herbs for wellness. The
combination of this traditional affinity for healthy-living
products and the capabilities of our leading brands across an array
of products are a natural fit. While this effort will take time to
properly develop and it is not expected to be meaningful to our
results over the near term, we are planting the seeds for future
growth. We have known our joint venture partners in this effort for
many years and are impressed with their track record, which
includes a number of successful business endeavors. We look forward
to this project. We believe that Natrol has the opportunity to be a
global leader in the wellness market and this is an excellent step
in that direction.� About Natrol � Nourishing the Potential of Mind
and Body SM Natrol, Inc. (Nasdaq: NTOL), headquartered in
Chatsworth, CA, has a portfolio of health and wellness brands
representing quality nutritional supplements, functional herbal
teas, and sports nutrition products. Established in 1980, Natrol�s
portfolio of brands includes: Natrol�, Prolab�, Laci Le Beau�,
Promensil�, Trinovin�, Nu Hair� and Shen Min�. The company also
manufactures supplements for its own brands and on behalf of third
parties. Natrol distributes products nationally through more than
54,000 retailers, as well as internationally in over 40 other
countries through distribution partners and a wholly owned
subsidiary in the UK. Natrol�s dedication to quality is evidenced
by its commitment to high manufacturing standards, earning the
company an �A� rating from the Natural Products Association's Good
Manufacturing Practices (�GMP�) Certification Program�a designation
achieved by less than ten percent of U.S. nutrition companies. For
more information, visit www.Natrol.com.
Natrol (NASDAQ:NTOL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Natrol (NASDAQ:NTOL)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Natrol (MM) (NASDAQ): 0 recent articles
More Natrol, Inc. News Articles