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The Bountiful Company

From Wikipedia, the free encyclopedia
(Redirected fromNBTY)
American manufacturer
The Bountiful Company
Company typePrivate
IndustryRetail
Founded1971
HeadquartersRonkonkoma,New York,U.S.
Key people
Paul Sturman, CEO
ProductsNutritional supplements
RevenueIncrease $3 billion (2013)
OwnerNestlé
Number of employees
13,000[1]
Websitewww.bountifulcompany.com

The Bountiful Company is an Americandietary supplements company. It is owned byKohlberg Kravis Roberts, which sold most of the company's brands toNestlé in 2021.[2]

It was originally known asNature's Bounty, Inc. but changed its name toNBTY, Inc. in 1995.[citation needed] It then changed its name back toThe Nature's Bounty Co. in 2016.[3] It changed to its current name, the Bountiful Company, in January 2021.[4]

History

[edit]

The company was founded in 1971 by Arthur Rudolph, as amail order company named Nature's Bounty.[5][6]

The company was publicly traded until 2010, whenthe Carlyle Group acquired it for $3.8 billion.[7]

As of 2015, the company reported total sales of $3 billion, with $1.9 billion Consumer Products Group, $891 million Holland & Barrett International and $247 million Direct-to-Consumer.[8] It considered selling the company amid growing interests from China,[9] or an IPO early 2017.[10]

In 2017, the Carlyle Group sold a majority stake in the company toKohlberg Kravis Roberts.[11][12]

In 2021, the company was acquired byNestlé for $5.75 billion.[13][14][15]

Brands

[edit]

The Bountiful Company owns a wide variety of brands including:

  • American Health
  • Balance Bar
  • Best Bar Ever, Inc.[16]
  • Body Fortress
  • DeTuinen
  • Dr.Organic (Organic Doctor in the U.S.)[17]
  • Ester-C
  • Good 'n Natural
  • Home Health
  • MET-Rx
  • Natural Wealth
  • Nature's Bounty
  • Osteo Bi-Flex
  • Physiologics
  • Pure Protein
  • Puritan's Pride
  • Rexall
  • SiSU
  • Solgar
  • Sundown Naturals

2011 Consumer Reports investigation

[edit]

A 2011 Consumer Reports investigation found fish-oil supplements that contained, "total PCBs in amounts that could require warning labels under California’s Proposition 65, a consumer right-to-know law, in one sample of the CVS, GNC, and Sundown products, and in two samples of Nature’s Bounty."[18]

References

[edit]
  1. ^"The Nature's Bounty Co".Forbes.
  2. ^"Nestle buys vitamin maker Bountiful's main brands for $5.75 billion".Reuters. 2021-04-30. Retrieved2021-06-19.
  3. ^"NBTY Debuts New Moniker, Updates on Refocusing Initiatives".Natural Products INSIDER. 2017-11-21. Retrieved2021-06-19.
  4. ^"Nature's Bounty becomes The Bountiful Company".Drug Store News. 25 January 2021. Retrieved2021-06-19.
  5. ^"In Memoriam: Arthur Rudolph | WholeFoods Magazine".
  6. ^https://www.encyclopedia.com/books/politics-and-business-magazines/nbty-inc#:~:text=Incorporated%3A%201971%20as%20Nature's%20Bounty%2C%20Inc.
  7. ^"Carlyle strikes $3.8 billion deal for NBTY".Reuters. 15 July 2010. Retrieved30 April 2024.
  8. ^"The Nature's Bounty Co. Fact Sheet"(PDF).
  9. ^"Carlyle hires Goldman Sachs to help sell Nature's Bounty: sources".Reuters. 2017-01-07. Retrieved2017-06-18.
  10. ^"Report: IPO weighed for Nature's Bounty".Newsday. Retrieved2017-06-18.
  11. ^Noto, Anthony (24 July 2017)."After WebMD, KKR buys majority stake in vitamin and food supplement maker".New York Business Journal. Retrieved2021-06-19.
  12. ^"Carlyle Group Selling Majority Control of Nature's Bounty Co to Investment Firm KKR".Nutraceuticals World. 24 July 2017. Retrieved2024-04-30.
  13. ^Kostov, Nick (30 April 2021)."Nestlé Expands in Vitamins With $5.75 Billion Nature's Bounty Deal".Wall Street Journal.
  14. ^"Nestle buys vitamin maker Bountiful's main brands for $5.75 billion".CNBC. 30 April 2021.
  15. ^"Nestle to Buy Vitamin Brands From KKR for $5.75 Billion".Bloomberg.com. 30 April 2021.
  16. ^"The Natures Bounty Company acquires The Best Bar Ever". FoodBev Media Ltd. 24 January 2018. Retrieved30 January 2018.
  17. ^"NBTY™ Acquires Dr. Organic®" (Press release).
  18. ^"Fish Oil & Omega 3 Supplements Reviewed & Claim Checked - Consumer Reports". Retrieved2017-06-18.

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