Vitamin Shoppe (VSI) Announces Closing of FTC Investigation

February 4, 2013 4:08 PM EST
Vitamin Shoppe (NYSE: VSI) has received notice from the United States Federal Trade Commission that it has closed its investigation into the acquisition of Super Supplements by The Vitamin Shoppe. The Vitamin Shoppe is targeting to close the transaction by February 15, 2013 assuming all remaining closing conditions are satisfied.

In December 2012, The Vitamin Shoppe announced a definitive agreement to purchase the assets of Super Supplements, Inc., a specialty retailer of vitamin, mineral and supplements (VMS), for approximately $50 million. The acquisition will be funded with available cash. Super Supplements, headquartered in Seattle, Washington, operates 31 stores in Washington, Oregon and Idaho, and expands The Vitamin Shoppe's presence in the Pacific Northwest where it currently operates 17 stores. The transaction is structured as a purchase of Super Supplements' assets by a wholly-owned subsidiary of The Vitamin Shoppe.

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