Martek Biosciences Buys Amerifit Brands
February 16, 2010 (FinancialWire) — Martek Biosciences Corp. (NASDAQ: MATK) said it has completed the purchase of Amerifit Brands, Inc. from Charterhouse Group, Inc. in an all-cash transaction valued at around $200 million.
The acquisition was first reported on January 21.
Amerifit Brands develops, markets and distributes branded consumer health and wellness products focused on women’s and digestive health benefits. Amerifit’s products are sold in most major mass, club, drug, grocery and specialty stores. The company’s main products include Culturelle, a probiotic supplement; AZOÂ, an OTC brand addressing symptom relief, detection and prevention of urinary tract infections; and Estrovena, a nutritional supplement brand addressing the symptoms of menopause.
Maryland-based Martek Biosciences develops omega-3 DHA products, and produces a vegetarian source of the omega-3 fatty acid DHA for use in foods, infant formula and supplements.
It also makes an omega-6 fatty acid for use in infant formula.
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