date:Oct 31, 2012
BayerHealthCare has agreed a deal to buy vitamins and supplements firm Schiff Nutrition for $1.2 billion.
MegaRed and Move Free manufacturer Schiff has ridden the crest of the recent health supplements boom and generated net sales of $259 million in the year ending 31 May. Last month, the company confirmed that it expects to deliver a 43-46% increase in net sales for the fiscal 2013, partly driven by the acquisition of its Airborne brand in March 2012.
Bayer is committed to augment its organic