NBTY acquisition of Julian Graves moves forward
23 March 2009
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NBTY, Inc. announced on March 20 that its acquisition of Julian Graves has been referred in the United Kingdom by the Office of Fair Trading to the Competition Commission.
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NBTY’s subsidiary, NBTY Europe, purchased Julian Graves, a chain of 350 food and confectionary stores in the United Kingdom, on Sept. 16, 2008, for approximately $25 million USD.
As previously announced, the Julian Graves acquisition was the subject of an inquiry from the Office of Fair Trading for potential anti-trust implications. In conjunction with this inquiry, Julian Graves has not been integrated with the company’s European operations.
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