Martek Biosciences completes acquisition

February 13, 2010

Martek Biosciences Corp., a Columbia-based maker of infant nutritional formula supplements, said Friday it completed the acquisition of Amerifit Brands Inc., which sells consumer health and wellness products. Martek, which announced the deal Jan. 21, bought Amerifit from Charterhouse Group Inc., a New York-based private equity investment firm, for $200 million in cash. The deal was significant for Martek because it intends to develop its own line of consumer products as a way to reinvent its revenue base. Amerifit sells over-the-counter nutritional supplements, such as Culturelle, a probiotic supplement, and Azo, which helps relieve and prevent urinary tract infections. Amerifit has 65 employees and is based on Cromwell, Conn.

- Gus G. Sentementes

Discuss this story and others in our talk forums Most recent business talk forum topics:

More news talk forums: Local | Nation/World | Business | Health/Science | Computers/Technology

Note: In-story commenting has been temporarily disabled due to technical issues. We are working to correct the issue and will bring back this feature in the future. In the meantime, please use our talk forums to discuss stories.

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.