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BRIEF: Vitamin subsidiary is sold for $8.25M

Posted on: Fri, 31 Jul 2009 05:22:00 EDT

Symbols: BAYW, NUTR

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Jul 31, 2009 (The Arizona Daily Star - McClatchy-Tribune Information Services via COMTEX) --
NUTR | Quote | Chart | News | PowerRating -- Scottsdale-based Baywood International Inc. said Thursday that it has agreed to sell the assets of its wholly owned vitamin subsidiary, Nutritional Specialties Inc., to Nutra Inc., a subsidiary of Utah-based Nutraceutical International Corp.

Nutritional Specialties does business as LifeTime Vitamins. The purchase price was $8.25 million in cash, less payment of liabilities and certain pre-closing working capital adjustments.

Baywood said it will focus on the growth of its New Leaf Tea and future beverage products.

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For full details on Nutraceutical Intl Corp (NUTR) NUTR. Nutraceutical Intl Corp (NUTR) has Short Term PowerRatings at TradingMarkets. Details on Nutraceutical Intl Corp (NUTR) Short Term PowerRatings is available at This Link.

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