Leiner Health Products closes $371 million asset sale

By Jennifer Lanning Drey

Portland, Ore., July 14 - Leiner Health Products Inc. closed on the $371 million sale of substantially all of its assets to NBTY, according to an NBTY news release.

The acquired assets include Leiner's U.S. store brand vitamins, minerals and supplements products, as well as Leiner's Canadian subsidiary, Vita Health Products, Inc.

As previously reported, the purchase price reflects an increase from NBTY's original $230 million bid.

Leiner is a Carson, Calif.-based manufacturer of store-brand vitamins, minerals and nutritional supplements. The company filed for bankruptcy on March 10. Its Chapter 11 case number is 08-10446.

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