SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 20, 1998
NBTY, INC.
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(Exact name of registrant as specified in charter)
DELAWARE 0-10666 11-2228617
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(State or other (Commission (IRS Employer
jurisdiction of File No.) identification
incorporation) number)
90 Orville Drive, Bohemia, New York 11716
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(Address of principal executive office and zip code)
Registrant's telephone number (516) 567-9500
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ITEM 2. Acquisition or Disposition of Assets
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On April 20, 1998, NBTY, Inc. a Delaware corporation ("NBTY"),
acquired all of the issued and outstanding capital stock of three affiliated
privately held companies - Nutrition Headquarters, Inc. ("NHQ"); Lee
Nutrition, Inc. ("Lee"); Nutro Laboratories, Inc. ("Nutro") and Brunswick
Laboratories, Inc. ("Brunswick"), collectively referred to as the
("Nutrition Headquarters Group") for approximately 8.8 million shares of the
Registrant's Common Stock. Nutro and Lee are well known catalog companies
offering 2,300 private label and branded products of vitamins and
nutritional supplements primarily under the Nutrition Headquarters, Lee
Nutrition and Life's Finest brands. NHQ and Lee have each been in the mail
order catalog business for 20 years, during which time, they have developed
customer lists which include more than 1.5 million active names. Nutro and
Brunswick manufacture over 700 national brands equivalent vitamins and
nutritional supplement tablets and capsules, approximately 25% of which are
for NHQ and Lee and the balance are contract manufacturing for other major
domestic and foreign wholesalers, distributors and retailers. Currently
Nutro and Brunswick produce over three billion tablets and capsules, and
package over six million bottles annually. Management believes that NHQ's
and Lee's mail order operations and Nutro's and Brunswick's manufacturing
operations will complement NBTY's operations. The acquired companies had
aggregate sales of approximately $77.4mm for the fiscal year ended September
1997. The merger was accounted for as a pooling of interests.
The persons from whom the assets were acquired were:
Michael C. Slade
114 Piping Rock Road
Matinecock, NY 11560
Abraham Feldman Trust, F/B/O
Ruth Slade, U/A 1/21/91
c/o Ruth Slade
114 Piping Rock Road
Matinecock, NY 11560
Abraham Feldman Trust, F/B/O
Steven Lenger, U/A 1/21/91
c/o Dr. E. Steven Lenger
62 Independence Drive
East Brunswick, NJ 08816
Complete financial statements will be provided as required by Item 7
of Form 8-K.
SIGNATURE
Pursuant to the requirements of Section 12 of the Securities Exchange Act of
1934, the Registrant has duly caused this Registration Statement or
amendment to be signed on its behalf by the undersigned, thereunto duly
authorized.
NBTY, Inc.
By: /s/ Harvey Kamil
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Harvey Kamil
Executive Vice President
Dated: April 27, 1998