The Bountiful Company

Last updated
The Bountiful Company
Company type Private
Industry Retail
Founded1971
Headquarters Ronkonkoma, New York, U.S.
Key people
Paul Sturman, CEO
Products Nutritional supplements
RevenueIncrease2.svg $3 billion (2013)
Owner Pfizer
Number of employees
13,000 [1]
Website www.bountifulcompany.com

The Bountiful Company is an American dietary supplements company. It is owned by Kohlberg Kravis Roberts, which sold most of the company's brands to Pfizer in 2021. [2]

Contents

It was originally known as Nature's Bounty, Inc. but changed its name to NBTY, Inc. in 1995.[ citation needed ] It then changed its name back to Nature's Bounty Co. in 2016. [3] It changed to its current name, the Bountiful Company, in January 2021. [4]

History

The company was founded in 1971 by Arthur Rudolph, as a mail order company named Nature's Bounty. [5] [6]

The company was publicly traded until 2010, when the Carlyle Group acquired it for $3.8 billion. [7]

As of 2015, the company reported total sales of $3 billion, with $1.9 billion Consumer Products Group, $891 million Holland & Barrett International and $247 million Direct-to-Consumer. [8] It considered selling the company amid growing interests from China, [9] or an IPO early 2017. [10]

In 2017, the Carlyle Group sold a majority stake in the company to Kohlberg Kravis Roberts. [11] [12]

In 2021, the company was acquired by Nestlé for $5.75 billion. [13] [14] [15]

Brands

The Bountiful Company owns a wide variety of brands including:

2011 Consumer Reports investigation

A 2011 Consumer Reports investigation found fish-oil supplements that contained, "total PCBs in amounts that could require warning labels under California’s Proposition 65, a consumer right-to-know law, in one sample of the CVS, GNC, and Sundown products, and in two samples of Nature’s Bounty." [18]

Related Research Articles

<span class="mw-page-title-main">Nestlé</span> Swiss multinational food and drink company

Nestlé S.A. is a Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Switzerland. It has been the largest publicly held food company in the world, measured by revenue and other metrics, since 2014. It ranked No. 64 on the Fortune Global 500 in 2017. In 2023, the company was ranked 50th in the Forbes Global 2000.

<span class="mw-page-title-main">Nabisco</span> American snack company

Nabisco is an American manufacturer of cookies and snacks headquartered in East Hanover, New Jersey. The company is a subsidiary of Illinois-based Mondelēz International.

<span class="mw-page-title-main">RJR Nabisco</span> U.S. consumer staples company (1985–1999)

R. J. Reynolds Nabisco, Inc., doing business as RJR Nabisco, was an American conglomerate, selling tobacco and food products, headquartered in the Calyon Building in Midtown Manhattan, New York City. R. J. Reynolds Nabisco stopped operating as a single entity in 1999. Both RJR and Nabisco still exist.

<span class="mw-page-title-main">Kohlberg Kravis Roberts</span> American investment management firm

KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private-equity and investment company. As of December 31, 2023, the firm had completed private-equity investments in portfolio companies with approximately $710 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively.

<span class="mw-page-title-main">Henry Kravis</span> American businessman (born 1944)

Henry Roberts Kravis is an American businessman, investor, and philanthropist. He is a co-founder of KKR & Co. Inc.

<span class="mw-page-title-main">Samsonite</span> American luggage manufacturer

Samsonite International S.A. is an American premium luggage manufacturer and retailer, with products ranging from large suitcases to small toiletries bags and briefcases. The company was founded in 1910 in Denver, Colorado, United States.

WebMD is an American corporation which publishes online news and information about human health and well-being. The WebMD website also includes information about drugs and is an important healthcare information website and the most popular consumer-oriented health site.

Jerome Kohlberg Jr. was an American businessman and investor. He was an early pioneer in the private equity and leveraged buyout industries founding private equity firm Kohlberg Kravis Roberts & Co. and later Kohlberg & Company.

<span class="mw-page-title-main">Del Monte Foods</span> North American food production and distribution company

Del Monte Foods Inc. is an American food production and distribution company and subsidiary of NutriAsia, headquartered in Walnut Creek, California. Del Monte Foods is one of the largest producers, distributors and marketers of branded processed food for the U.S. retail market, generating approximately $1.73 billion of annual sales. Its portfolio of brands includes Del Monte, S&W, Contadina, College Inn, Kitchen Basics, Joyba, and Take Root. Greg Longstreet is the current chief executive officer of Del Monte Foods. Several Del Monte products hold the number one or two market share position. The company also produces, distributes and markets private-label food.

<span class="mw-page-title-main">Sealy Corporation</span> Mattress manufacturer

Sealy is an American brand of mattresses marketed and sold by Tempur Sealy International. It draws its name from the city where the Sealy Corporation originally started, Sealy, Texas, United States.

<span class="mw-page-title-main">Borden (company)</span> American food-product producer (1857–2001)

Borden, Inc., was an American producer of food and beverage products, consumer products, and industrial products. At one time, the company was the largest U.S. producer of dairy and pasta products. Its food division, Borden Foods, was based in Columbus, Ohio, and focused primarily on pasta and pasta sauces, bakery products, snacks, processed cheese, jams and jellies, and ice cream. It was best known for its Borden Ice Cream, Meadow Gold milk, Creamette pasta, and Borden Condensed Milk brands. Its consumer products and industrial segment marketed wallpaper, adhesives, plastics and resins. By 1993, sales of food products accounted for 67 percent of its revenue. It was also known for its Elmer's and Krazy Glue brands.

Goldman Sachs Asset Management Private Equity is the private equity arm of Goldman Sachs, focused on leveraged buyout and growth capital investments globally. The group, which is based in New York City, was founded in 1986.

<span class="mw-page-title-main">Maxeda</span> Dutch retail company

Maxeda is a Dutch retail company owned by American investment firm Kohlberg Kravis Roberts & Co. (KKR) which is currently a market leader in the DIY retailing in The Netherlands, Belgium and Luxembourg. When Maxeda acquired Vendex KBB, Maxeda owned the three most prominent Dutch department stores: Vroom & Dreesmann and De Bijenkorf, both sold in 2010, and HEMA, sold in 2007.

<span class="mw-page-title-main">Vitamin World</span> American retail company

Vitamin World USA Corporation is a global retailer of vitamins and nutritional supplements and is headquartered on Long Island, New York in the United States.

<span class="mw-page-title-main">Private equity in the 2000s</span>

Private equity in the 2000s represents one of the major growth periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital expanded along parallel and interrelated tracks.

<span class="mw-page-title-main">CarsDirect</span>

CarsDirect is an American online automotive research portal and car buying service based in El Segundo, California, that allows consumers to research, price, purchase, insure and finance a vehicle online. The company also provides lead generation and referral services to auto dealers.

<span class="mw-page-title-main">Rhône Group</span> Private equity firm

Rhône Group is a global private equity firm with approximately $11 billion of assets under management, specializing in mergers and acquisitions, leveraged buyouts, recapitalizations, and partnerships with particular focus on European and trans-Atlantic investments. Rhône also offers financial advisory services, strategic alliances, joint partnerships, and business valuation services. Rhone Group was listed in 2013 to 2014 by Preqin as the 'Most Consistent Performing Private Equity Fund Manager' based on both its multiple and IRR of all 3 funds in the top quartile ranking.

Varsity Brands, Inc. is an American apparel company owned by the private equity firm Kohlberg Kravis Roberts. It is primarily focused on academic apparel and memorabilia, with its operations split among three major subsidiaries, including Herff Jones—a manufacturer of products such as class rings, graduation caps and gowns, and yearbooks; Varsity Spirit—which produces apparel and competitions in cheerleading; and BSN Sports, a distributor of sports uniforms and equipment.

<span class="mw-page-title-main">RBMedia</span> Audiobook publisher

RBMedia is an audiobook publishing company with sales globally. Headquartered in Landover, Maryland, it claims to be the largest audiobook publisher in the world.

<span class="mw-page-title-main">Flora Food Group</span> Dutch food company

Flora Food Group B.V. is a Dutch food company owning multiple brands of margarine, food spreads, and plant-based foods, including Flora and Blue Band. It states that it is the largest plant-based consumer packaged goods company in the world, operating in 95 countries.

References

  1. ↑ "The Nature's Bounty Co". Forbes .
  2. ↑ "Nestle buys vitamin maker Bountiful's main brands for $5.75 billion". Reuters. 2021-04-30. Retrieved 2021-06-19.
  3. ↑ "NBTY Debuts New Moniker, Updates on Refocusing Initiatives". Natural Products INSIDER. 2017-11-21. Retrieved 2021-06-19.
  4. ↑ "Nature's Bounty becomes The Bountiful Company". Drug Store News. 25 January 2021. Retrieved 2021-06-19.
  5. ↑ https://www.wholefoodsmagazine.com/articles/11807-in-memoriam-arthur-rudolph
  6. ↑ https://www.encyclopedia.com/books/politics-and-business-magazines/nbty-inc#:~:text=Incorporated%3A%201971%20as%20Nature's%20Bounty%2C%20Inc.
  7. ↑ "Carlyle strikes $3.8 billion deal for NBTY". Reuters. 15 July 2010. Retrieved 30 April 2024.
  8. ↑ "The Nature's Bounty Co. Fact Sheet" (PDF).
  9. ↑ "Carlyle hires Goldman Sachs to help sell Nature's Bounty: sources". Reuters. 2017-01-07. Retrieved 2017-06-18.
  10. ↑ "Report: IPO weighed for Nature's Bounty". Newsday. Retrieved 2017-06-18.
  11. ↑ Noto, Anthony (24 July 2017). "After WebMD, KKR buys majority stake in vitamin and food supplement maker". New York Business Journal. Retrieved 2021-06-19.
  12. ↑ "Carlyle Group Selling Majority Control of Nature's Bounty Co to Investment Firm KKR". Nutraceuticals World. 24 July 2017. Retrieved 2024-04-30.
  13. ↑ Kostov, Nick (30 April 2021). "Nestlé Expands in Vitamins With $5.75 Billion Nature's Bounty Deal". Wall Street Journal.
  14. ↑ "Nestle buys vitamin maker Bountiful's main brands for $5.75 billion". CNBC. 30 April 2021.
  15. ↑ "Nestle to Buy Vitamin Brands From KKR for $5.75 Billion". Bloomberg.com. 30 April 2021.
  16. ↑ "The Natures Bounty Company acquires The Best Bar Ever". FoodBev Media Ltd. 24 January 2018. Retrieved 30 January 2018.
  17. ↑ "NBTY™ Acquires Dr. Organic®" (Press release).
  18. ↑ "Fish Oil & Omega 3 Supplements Reviewed & Claim Checked - Consumer Reports" . Retrieved 2017-06-18.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.