Morristown, NJ--A big deal is in the works between Bayer HealthCare, based here, and Schiff Nutrition of Salt Lake City, UT, according to a joint press statement. Bayer is intending to purchase the large vitamin company for $1.2 billion by the end of the year.
As of its fiscal year ending May 31, 2012, Schiff had already made $259 million in sales. The company believes its sales will group 43-46% by the end of FY2013. Schiff's main brands include Move Free, MegaRed, Airborne, Tiger's Milk, Digestive Advantage and Schiff Vitamins.
Published in WholeFoods Magazine, December 2012 (online 10/30/12)