Martek To Buy Supplement Maker Amerifit For $200M

Law360, New York (January 21, 2010, 2:25 PM EST) -- Martek Biosciences Corp. has reached an agreement to buy consumer health and wellness company Amerifit Brands Inc. from private equity firm Charterhouse Group Inc. in an all-cash deal valued at $200 million.

Under the terms of the deal, Martek will pay $120 million from current cash reserves, and the remainder of the $200 million purchase price will be provided by a new credit facility. The deal is expected to close in Martek's second fiscal quarter, subject to customary approvals. Martek said it expected the deal to...
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