NEW YORK — Pharmapacks announced on Thursday a strategic investment of more than $250 million from global investment firm The Carlyle Group to accelerate the company’s growth plans. The growth investment places Pharmapacks’ enterprise value at approximately $1.1 billion. Pharmapacks was founded as a single brick and mortar pharmacy and has since evolved into a platform
NEW YORK — Steve Cahillane, president and chief executive officer of The Nature’s Bounty Co., is leaving the company to become chairman and CEO of Kellogg Co. Kellogg said Thursday that Cahillane is slated to take the CEO reins of the global cereal and snack company and join its board of directors on Oct. 2. He
NEW YORK – The investment firm KKR has agreed to become the majority owner of The Nature’s Bounty Co., a wellness products company known for such brands as Nature’s Bounty, Sundown Naturals and Osteo Bi-Flex. The Carlyle Group, the company’s current owner, will retain a significant stake in the company. The deal is expected to
Not long after changing its identity to The Nature’s Bounty Co. from NBTY Inc., Nature’s Bounty may be on the block. Parent company The Carlyle Group is mulling a possible sale of the vitamins and dietary supplements brand, Bloomberg News reported. Citing anonymous sources, the Bloomberg article said Carlyle has consulted potential advisers about selling
