Natrol Acquires Prolab in Cash, Stock Transaction
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Natrol Inc., Chatsworth, has purchased Prolab Nutrition Inc., Bloomfield, Conn., for $29 million in cash and 124,270 shares of common stock. Prolab management will stay in place, according to Natrol.
Natrol will assist with manufacturing, purchasing, product development and sales channel development. Prolab will assist Natrol with international sales and introduce Natrol supplements to the sports-fitness market.
Natrol manufactures and markets branded dietary supplements. Prolab markets sports-nutrition products for body builders through gyms, health food stores and other outlets domestically and internationally.
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