NCLI divests Health Care business

- Last updated on GMT

Related tags: Executive officer, Health care, Chief executive officer

Nutraceutical Clinical Laboratories International says it has sold
its non-core Health Care Direct Services (HCD) as part of the
strategy to focus resources on building its preservative products
business.

Nutraceutical Clinical Laboratories International says it has sold its non-core Health Care Direct Services (HCD) as part of the strategy to focus resources on building its preservative products business.

Terms of the transaction were not disclosed.

"Our single focus is fulfilling the strong commercial promise of our preservative products, and our HCD divestiture is a significant step in this direction,"​ said Gary L. Harrison, NCCL's chairman and chief executive officer.

"We are now in a much better position to serve our existing customers and enhance our preservative product line."

St. Petersburg, Florida-based NCLI​ makes NuPreserv, a preservative that extends the shelf life of food products and beverages.

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