In Brief: AMBI buys Nutrition 21
This article was originally published in The Tan Sheet
Executive Summary
AMBI buys Nutrition 21: AMBI's acquisition of San Diego-based dietary supplement producer Nutrition 21 completed, the Tarrytown, N.Y.-based maker of Cardia salt alternative announces Aug. 12. The purchase agreement involving AMBI's payment of $10 mil. plus stock was announced June 13 ("The Tan Sheet" June 16, In Brief). AMBI also will make contingent payments, based upon the achievement of certain sales levels in the next four years, and pay royalties in the future on sales of certain patented products...