Vital Living Purchasing Christopher's Original Formulas

April 1, 2003

1 Min Read
SupplySide Supplement Journal logo in a gray background | SupplySide Supplement Journal

PHOENIX--Vital Living Inc. (OTCBB:VTLV) signed an agreement to purchase Christopher's Original Formulas, a dietary supplement manufacturer based in Springville, Utah. The agreement is subject to terms of a definitive agreement and completed financial audits of the companies. Vital Living will issue 2.6 million shares of VTLV common stock, with Christopher's eligible to receive a maximum of 650,000 bonus shares over the 24 months following the closing. VTLV stock value appeared unaffected by the April 1 announcement, holding at $.87.

Christopher's will expand the range of products Vital Living has available; Vital Living products are sold through physicians to consumers requiring a specific dietary supplement regimen. Christopher's products will continue to be sold primarily to natural products stores and independent pharmacies.

This is the second acquisition in recent months for Vital Living (www.vitalliving.com). In November, the company purchased MAF BioNutritionals in Boonton, N.J., for 2.5 million shares of restricted VTLV stock. The acquisition was expected to add sales of $3 million for 2003; it also gave Vital Living immediate access to more than 2,000 existing dispensing practitioners, in addition to many retail accounts, health clubs, vitamin stores and lifestyle accounts.

Subscribe for the latest consumer trends, trade news, nutrition science and regulatory updates in the supplement industry!
Join 37,000+ members. Yes, it's completely free.

You May Also Like