Market Overview

Herbalife Acquires Winston Salem, NC Faclity

Herbalife Ltd. (NYSE: HLF), a global nutrition company, announced today
that it entered into a definitive agreement to purchase a manufacturing
facility in Winston Salem, North Carolina. This purchase further expands
Herbalife's global manufacturing capacity and is in line with the
company's stated strategy to increase self-manufacturing for its
products.

The agreement is based upon a cash purchase of $22.2 million and
includes incentives from Winston Salem, Forsyth County and the state of
North Carolina. The receipt of these incentives, coupled with an
existing manufacturing facility and the availability of quality labor
force in the Triad region, were key criteria that the company considered
upon selecting this location above other cities in the southeast.

See full press release

Posted-In: News Guidance Contracts Management Global

 

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