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Weider Sells American

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By: Sean Moloughney

Editor, Nutraceuticals World

Weider Sells American
Body Building Assets
Weider Nutrition International, Salt Lake City, UT, recently sold all assets and associated liabilities related to its American Body Building™ and Science Foods® brands to American Body Building Products, a wholly owned subsidiary of Optimum Nutrition, Aurora, IL. The final sales price will be based on a closing statement of acquired assets and assumed liabilities, and will include approximately $5.65 million cash and the assumption of an approximate $250,000 mortgage on the accompanying beverage facility in South Carolina. The net proceeds from the sale will be used to reduce the company’s long-term debt.

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