Rexall Completes Met-Rx Purchase

BOCA RATON, Fla.--Rexall Sundown Inc. recently completed its purchase of Met-Rx Nutrition. The acquisition was worth $108 million. It was financed by a revolving line of credit and is expected to be factored into Rexall's earnings in the fiscal year that ends Aug. 31, 2000.

"We are pleased to finalize this acquisition which is consistent with our goal to further strengthen Rexall Sundown's leadership position in the nutrition industry through diversification in product categories, delivery forms and distribution channels," said Damon DeSantis, Rexall's president and chief executive officer.

Rexall's entry into the functional food category through sports nutrition will allow the company to expand its distribution and increase its market share.