 | |
| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | 1971 |
| Headquarters | Ronkonkoma, New York, U.S. |
Key people | Paul Sturman, CEO |
| Products | Nutritional supplements |
| Revenue |  $3 billion (2013) |
| Owner | Nestlé |
Number of employees | 13,000[1] |
| Website | www |
The Bountiful Company is an American dietary supplements company. It is owned by Kohlberg Kravis Roberts, which sold most of the company's brands to Nestlé in 2021.[2]
It was originally known as Nature's Bounty, Inc. but changed its name to NBTY, Inc. in 1995.[citation needed] It then changed its name back to Nature's Bounty Co. in 2016.[3] It changed to its current name, the Bountiful Company, in January 2021.[4]
History
The company was founded in 1971 by Arthur Rudolph, as a mail order company named Nature's Bounty.
The company was publicly traded until 2010, when the Carlyle Group acquired it for $3.8 billion.
As of 2015, the company reported total sales of $3 billion, with $1.9 billion Consumer Products Group, $891 million Holland & Barrett International and $247 million Direct-to-Consumer.[5] It considered selling the company amid growing interests from China,[6] or an IPO early 2017.[7]
In 2017, the Carlyle Group sold a majority stake in the company to Kohlberg Kravis Roberts.[8]
In 2021, the company was acquired by Nestlé for $5.75 billion.[9][10][11]
Brands
The Bountiful Company owns a wide variety of brands including:
- American Health
- Balance Bar
- Best Bar Ever, Inc.[12]
- Body Fortress
- DeTuinen
- Dr.Organic (Organic Doctor in the U.S.) [13]
- Ester-C
- Good 'n Natural
- Home Health
- MET-Rx
- Natural Wealth
- Nature's Bounty
- Osteo Bi-Flex
- Physiologics
- Pure Protein
- Puritan's Pride
- Rexall
- SiSU
- Solgar
- Sundown Naturals
2011 Consumer Reports investigation controversy
A 2011 Consumer Reports investigation[14] found that in fish-oil supplements, there were "total PCBs in amounts that could require warning labels under California’s Proposition 65, a consumer right-to-know law, in one sample of the CVS, GNC, and Sundown products, and in two samples of Nature’s Bounty."
See also
References
- ^ "The Nature's Bounty Co". Forbes.
- ^ "Nestle buys vitamin maker Bountiful's main brands for $5.75 billion". Reuters. 2021-04-30. Retrieved 2021-06-19.
- ^ "NBTY Debuts New Moniker, Updates on Refocusing Initiatives". Natural Products INSIDER. 2017-11-21. Retrieved 2021-06-19.
- ^ "Nature's Bounty becomes The Bountiful Company". Drug Store News. 25 January 2021. Retrieved 2021-06-19.
- ^ "The Nature's Bounty Co. Fact Sheet" (PDF).
- ^ "Carlyle hires Goldman Sachs to help sell Nature's Bounty: sources". Reuters. 2017-01-07. Retrieved 2017-06-18.
- ^ "Report: IPO weighed for Nature's Bounty". Newsday. Retrieved 2017-06-18.
- ^ Noto, Anthony (24 July 2017). "After WebMD, KKR buys majority stake in vitamin and food supplement maker". New York Business Journal. Retrieved 2021-06-19.
- ^ Kostov, Nick (30 April 2021). "Nestlé Expands in Vitamins With $5.75 Billion Nature's Bounty Deal". Wall Street Journal.
- ^ "Nestle buys vitamin maker Bountiful's main brands for $5.75 billion". CNBC. 30 April 2021.
- ^ "Nestle to Buy Vitamin Brands From KKR for $5.75 Billion". Bloomberg.com. 30 April 2021.
- ^ "The Natures Bounty Company acquires The Best Bar Ever". FoodBev Media Ltd. 24 January 2018. Retrieved 30 January 2018.
- ^ "NBTY™ Acquires Dr. Organic®" (Press release).
- ^ "Fish Oil & Omega 3 Supplements Reviewed & Claim Checked - Consumer Reports". Retrieved 2017-06-18.
External links
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This page was last edited on 17 April 2024, at 12:25