date:Nov 06, 2012
Bayer HealthCare LLC has signed a merger agreement to acquire Utah-based Schiff Nutrition International, Inc., for $1.2 billion. The transaction is expected to close by year end 2012. Schiff Nutrition International is a leading nutritional supplement company whose core brands include portfolio includes core brands MegaRed, Move Free and Airborne, among others.
Bayer is committed to augment its organic growth with strategic bolt-on acquisitions. This transaction represents an excellent strategic