Dietary supplement manufacturer and retailer [NBTY Inc.] moves to boost growth of its Nature's Bounty and MET-Rx brands in China in a joint venture with By-Health Co. Ltd. Ronkonkoma, N.Y.-based NBTY will hold a 40% stake in the JV and include a portion of its organization and By-Health, of Hong Kong, will hold a 60% stake and contribute a portion of its sales force and its distribution system. No other NBTY brands will be marketed by the JV expected to commence operations in the second half of 2016.
Industry Roundup: NBTY China JV, Bucks For Bugs
Nellson consolidates in Anaheim; Plant Based Food group opens; Bots builds BioPharmx business; and more news in brief.