NBTY acquires Balance Bar company
Babylon Town Supervisor Richard Schaffer, third from left, stops near the production line during a tour in October of NBTY's new 66,000 square foot nutritional bar manufacturing plant in Amityville. (Oct. 24, 2012) Credit: Newsday / Audrey C. Tiernan
Supplements and vitamin maker NBTY Inc. has acquired the Balance Bar Co. for $78 million from private equity firm Brynwood Partners, the companies announced Monday.
NBTY, which is based in Ronkonkoma, will finance the purchase with a revolving line of credit, according to an SEC filing from the company. Balance Bar is a maker of nutritional energy bars and based in Valhalla, N.Y.
"Balance Bar is a good strategic fit within our existing portfolio of sports nutritional bars… and that was the reason why we made the acquisition," said Andrea Staub, a spokeswoman for NBTY.
In October, NBTY opened a new facility in Amityville to make sports and nutritional bars. The 66,000 square-foot plant can produce one million bars a day and was built with $750,000 in state aid. Current brand name bars under the company include Pure Protein, Good ‘n Natural Bars and Met-Rx.
NBTY is owned by private equity firm The Carlyle Group. The company was publicly traded until it was bought in 2010; it employs about 2,600 people on Long Island.
Photo: Babylon Town Supervisor Richard Schaffer, third from left, stops near the production line during a tour in October of NBTY's new 66,000 square foot nutritional bar manufacturing plant in Amityville. (Oct. 24, 2012)
'We have to do better' Newsday high school sports editor Gregg Sarra talks about a bench-clearing, parent-involved incident at a Half Hollow Hills West basketball game.
'We have to do better' Newsday high school sports editor Gregg Sarra talks about a bench-clearing, parent-involved incident at a Half Hollow Hills West basketball game.
