Argan Announces Merger With Vitarich

Argan Announces Merger With Vitarich

ROCKVILLE, Md.Argan Inc.(AMSE:AGAX) announced it closed its merger with Naples, Fla.-based VitarichLaboratories Inc., a farm-tomarket, vertically integrated private labelmanufacturer, packager and distributor of nutraceutical products includingdietary supplements and personal healthcare products.

Rainer Bosselmann, chairman and chief executive officer, said,Vitarich is the kind of entrepreneurial company we like to invest in. Itpositions us for entry into the nutraceutical industry that is characterized byrapid growth, fragmentation and opportunities for innovation and consolidation.We will continue to look for investment opportunities in the industry.