NBTY Nibbles At Health Snack Market With $78M Balance Buy

Law360, New York (November 26, 2012, 3:44 PM EST) -- Private equity-backed nutrition company NBTY Inc. has shelled out $78 million for Balance Bar Co., maker of the eponymous health bars, hoping to tap into what it says is a $1 billion U.S. nutritional snack industry, according to a Monday securities filing.

Ronkonkoma, N.Y.-based NBTY, which manufactures a variety of popular vitamins and supplements, plans to use Balance Bar, headquartered in nearby Valhalla, N.Y., to broaden its sports nutrition category, the buyer said in a statement to the U.S. Securities and Exchange Commission.

NBTY's sports nutrition...
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