Natrol (NASDAQ:NTOL)
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From Oct 2019 to Oct 2024
Natrol, Inc. (NASDAQ:NTOL), a premier manufacturer and distributor of
nationally branded nutritional products, today announced the acquisition
of the Nu Hair and Shen Min brands from Biotech Corporation in
Connecticut. Nu Hair and Shen Min are the number one brands being sold
nationally within the men’s and women’s
hair growth category for natural products.
“This acquisition of the successful Nu Hair
and Shen Min brands supports one of Natrol’s
key growth objectives: strategic acquisitions. Addition of the brands
will provide Natrol the opportunity to expand in the hair growth
category for natural products,” stated Wayne
M. Bos, President and CEO of Natrol. He added, “Nu
Hair and Shen Min are quality brands that will leverage Natrol’s
expertise in sales and marketing, coupled with its strong distribution
in mass market and health food channels.”
Gregory J. Kelly, President of Biotech Corporation, said, “Having
developed over the past ten years into the market leader within the hair
growth category for natural products, Biotech is pleased to sell these
brands to a larger, well recognized and respected public company such as
Natrol.” He added, “Natrol
will be able to take Nu Hair and Shen Min to the next level, where the
brands will continue to grow and fulfill their highest potential.”
Nu Hair products, distributed within the mass market channel, include
hair regrowth tablets for men and women, as well as topical products,
such as Thinning Hair Serum and Thickening Shampoo. The Shen Min brand,
marketed primarily within the health food channel, consists of a similar
line of products.
About Natrol
Founded in 1980, Natrol, Inc. (NASDAQ:NTOL) is a diversified nutrition
company that manufactures and distributes premium-branded nutritional
supplements, herbal teas and sports nutrition products under the Natrol®,
Laci Le Beau® and Prolab®
brands, respectively. Natrol markets approximately 50 product categories
with more than 500 stock-keeping units (SKUs) designed to meet a wide
range of consumer needs. The products are available at thousands of
food, drug, mass market and independent health food stores, catalogs and
Internet sites, gyms and specialty stores nationally and in select
foreign countries. For more information, visit www.natrol.com.
The statements made in this press release which are not historical
facts, including statements regarding expectations for future growth of
revenue and profits and trends concerning net sales, are forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. As a result of a number of factors, the Company's
actual results could differ materially from those set forth in the
forward-looking statements. Certain factors that might cause Natrol's
actual results to differ materially from those set forth in the
forward-looking statements include adverse trends in the dietary
supplements industry, intense competition, adverse effects of
unfavorable publicity regarding particular products or the Company’s
industry generally, the Company’s dependence
on the introduction of successful new products, the Company’s
ability to gain market share and shelf space in each of its distribution
channels, the Company experiencing high rates of product returns, and
adverse government regulation, as well as those factors set forth under
the heading “Risk Factors”
in the Company's Annual Report on Form 10-K for the year ended December
31, 2005, and in the Company’s other filings
with the Securities and Exchange Commission.
Natrol, Inc. (NASDAQ:NTOL), a premier manufacturer and distributor
of nationally branded nutritional products, today announced the
acquisition of the Nu Hair and Shen Min brands from Biotech
Corporation in Connecticut. Nu Hair and Shen Min are the number one
brands being sold nationally within the men's and women's hair growth
category for natural products.
"This acquisition of the successful Nu Hair and Shen Min brands
supports one of Natrol's key growth objectives: strategic
acquisitions. Addition of the brands will provide Natrol the
opportunity to expand in the hair growth category for natural
products," stated Wayne M. Bos, President and CEO of Natrol. He added,
"Nu Hair and Shen Min are quality brands that will leverage Natrol's
expertise in sales and marketing, coupled with its strong distribution
in mass market and health food channels."
Gregory J. Kelly, President of Biotech Corporation, said, "Having
developed over the past ten years into the market leader within the
hair growth category for natural products, Biotech is pleased to sell
these brands to a larger, well recognized and respected public company
such as Natrol." He added, "Natrol will be able to take Nu Hair and
Shen Min to the next level, where the brands will continue to grow and
fulfill their highest potential."
Nu Hair products, distributed within the mass market channel,
include hair regrowth tablets for men and women, as well as topical
products, such as Thinning Hair Serum and Thickening Shampoo. The Shen
Min brand, marketed primarily within the health food channel, consists
of a similar line of products.
About Natrol
Founded in 1980, Natrol, Inc. (NASDAQ:NTOL) is a diversified
nutrition company that manufactures and distributes premium-branded
nutritional supplements, herbal teas and sports nutrition products
under the Natrol(R), Laci Le Beau(R) and Prolab(R) brands,
respectively. Natrol markets approximately 50 product categories with
more than 500 stock-keeping units (SKUs) designed to meet a wide range
of consumer needs. The products are available at thousands of food,
drug, mass market and independent health food stores, catalogs and
Internet sites, gyms and specialty stores nationally and in select
foreign countries. For more information, visit www.natrol.com.
The statements made in this press release which are not historical
facts, including statements regarding expectations for future growth
of revenue and profits and trends concerning net sales, are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. As a result of a number of factors,
the Company's actual results could differ materially from those set
forth in the forward-looking statements. Certain factors that might
cause Natrol's actual results to differ materially from those set
forth in the forward-looking statements include adverse trends in the
dietary supplements industry, intense competition, adverse effects of
unfavorable publicity regarding particular products or the Company's
industry generally, the Company's dependence on the introduction of
successful new products, the Company's ability to gain market share
and shelf space in each of its distribution channels, the Company
experiencing high rates of product returns, and adverse government
regulation, as well as those factors set forth under the heading "Risk
Factors" in the Company's Annual Report on Form 10-K for the year
ended December 31, 2005, and in the Company's other filings with the
Securities and Exchange Commission.