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Royal Numico Sells GNC And Vitamex

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By: Sean Moloughney

Editor, Nutraceuticals World

Royal Numico, Zoetermeer, The Netherlands, has reached an agreement on the sale of GNC, Pittsburgh, PA, to Apollo Management, L.P., New York, NY, for $750 million. The transaction will be subject to customary regulatory approvals and is expected to be complete in the fourth quarter this year. This move comes as a result of Numico deciding to fully focus on its core strengths in high-growth, high-margin baby food and clinical nutrition. Following the sale of GNC, Numico will liquidate Numico USA Inc.

In other news, Royal Numico also reached an agreement on the sale of Sweden-based Vitamex AB to Wilh. Sonesson AB, which is also based in Sweden, for €31 million.

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