NI Corp buys Montana Big Sky brand

Related tags Nutrition

Utah-based Nutraceutical International has bought the Montana Big
Sky brand of nutritional supplements for around $600,000 in cash
from Montana Naturals.

The Montana Big Sky brand focuses on specialty bee products, including bee pollen, royal jelly and propolis. It achieved pro-forma 2003 net sales by Montana Naturals of approximately $900,000.

Nutraceutical International's recent acquisition spree, which saw its purchase of the Arizona Health Foods chain and supplement marketer Nature's Life for a total of $15 million last year, helped it report record sales in this year's first half of $70.8 million, a 19 per cent increase on the previous year.

Net income was $7.3 million, also up 19.3 per cent on the first six-months of last year.

This year it has added Colorado firm Natural Balance, which manufactures and markets branded products primarily through health and natural food stores, for $9.0 million.

The acquisitions have helped Nutraceutical International​ become one of the largest manufacturers and suppliers of branded nutritional supplements for health food stores. It claims to distribute more than 3,000 SKUs, including 600 sold internationally.

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