Food Industry
Industry: Email Alert RSS FeedNatural and organic food distributor United Natural Foods has announced the acquisition of Select Nutrition Distributors, a privately owned distributor of health and beauty aids, vitamins, minerals and supplements
Food & Drink Weekly, Dec 27, 2004
Natural and organic food distributor United Natural Foods has announced the acquisition of Select Nutrition Distributors, a privately owned distributor of health and beauty aids, vitamins, minerals and supplements. Terms of the acquisition were not disclosed. "We are very excited about the opportunities this acquisition presents," said Steven Townsend, United Natural Foods' chairman and chief executive officer.
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"Select Nutrition has been a long-standing partner and its franchise is a terrific complement to the United Natural Foods organization. We believe the combined resources of our two organizations will result in enhanced presence and increased market share and serve to rationalize distribution for the company in the HBA (health and beauty aids) and VMS (vitamins, minerals and supplements) categories." The company said it expects the acquisition to be slightly dilutive for the current quarter's earnings, neutral to full year fiscal 2005 earnings per share and accretive thereafter.
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