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Twinlab Divests Bronson Laboratories
March 3, 2003
1 Min Read
Twinlab Divests Bronson Laboratories
HAUPPAUGE, N.Y.--Twinlab Corp. (OTCBB:TWLB)announced Jan. 20 it completed the sale of all substantial assets of BronsonLaboratories Inc., previously its mail-order catalog subsidiary. The $8.0million cash sale was paid by a privately held, New York-based dietarysupplement manufacturer. Twinlab reported it would use the sale proceeds to paydown debt that was outstanding under its revolving credit facility.
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