LONG BEACH, Calif., Dec. 23 /PRNewswire/ -- Zuellig Botanicals, Inc., dba BI Nutraceuticals (BI) today announced that it has completed its acquisition of substantially all of the assets of the dietary supplement business unit of Hauser, Inc. The acquisition was approved by the United States Bankruptcy Court, as Hauser, Inc. and its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Court on April 1, 2003. This sale order was issued by the Bankruptcy Court on December 3, 2003, and became final on December 15, 2003.
"The closing of the asset acquisition reaffirms BI's commitment to our customers, suppliers and employees. We are extremely pleased that we are now in a strong position to expand our industry presence and leadership," commented BI president Peter Hafermann. "This transaction will allow BI to build a broader platform for growth as an ingredients and services supplier to the dietary supplements, food and pharmaceutical industries."
BI, founded in 1977 and headquartered in Long Beach, California, is a full service supplier of dietary supplement ingredients. BI manufactured products undergo quality testing under the Identilok(R) species identification process. BI products include whole herb powders and teas, standardized and drug ratio extracts, custom blends, vitamins, minerals and other specialty supplements.
For more information contact Peter Hafermann at 310-669-2158 or firstname.lastname@example.org.
CONTACT: Peter Hafermann of BI Nutraceuticals, +1-310-669-2158, email@example.com; or Tiia Sumera of IMG, +1-801-538-0777, ext.112, firstname.lastname@example.org, for BI Nutraceuticals