The Vitamin Shoppe to Buy Super Supplements
The Vitamin Shoppe (NYSE: VSI), a leading specialty retailer and direct marketer of nutritional products, today announced that it has entered into a definitive agreement to purchase the assets of Super Supplements, Inc., a specialty retailer of vitamin, mineral and supplements (VMS) for approximately $50 million. The acquisition will be funded with available cash. Super Supplements, headquartered in Seattle, Washington, operates 31 stores in Washington, Oregon and Idaho, and expands the Vitamin Shoppe's presence in the Pacific Northwest where it currently operates 17 stores. The transaction, which is structured as a purchase of Super Supplements' assets by a wholly-owned subsidiary of the Vitamin Shoppe, is expected to close on December 31, 2012 and is subject to customary closing conditions.
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