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NBTY acquires Nutrition Warehouse, claims 9% of US market share for vitamin E

The company acquired Nutrition Warehouse for $20 million in cash and 1,058,000 shares of NBTY stock. The acquisition will enable NBTY to expand its leading Internet position, by combining Nutrition Warehouse's e-commerce business with its puritan.com operation, which offers prices between 30% to 40% lower than other online competitors. Nutrition Warehouse's 15 Long Island, NY retail stores will also be integrated into NBTY's Vitamin World retail operation, which has approximately 400 stores nationwide.

In related news, NBTY's Puritan.com vitamin E brands, Puritan's Pride® and Nutrition Headquarters®, were named leaders in the vitamin E category with a 9% combined market share, according to a report conducted by the Hartman Group. NBTY is a leading manufacturer and marketer of more than 5,000 nutritional supplements. The company recently reported revenues of $630 million for the fiscal year ending September 30, 1999.

Business Wire, January 3, 2000 and January 10, 2000.

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