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BUSINESS
July 3, 2002
Metabolife International Inc. filed a trademark infringement lawsuit against Rexall Sundown Inc. over Rexall's Metab-o-lite diet pills. Metabolife, a closely held company based in San Diego, says Rexall Sundown has used a "virtually identical" name and packaging to piggyback on "millions of dollars" in nationwide advertisements for Metabolife products. Boca Raton, Fla.-based Rexall Sundown is a unit of Dutch nutrition products maker Royal Numico.
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BUSINESS
July 3, 2002
Metabolife International Inc. filed a trademark infringement lawsuit against Rexall Sundown Inc. over Rexall's Metab-o-lite diet pills. Metabolife, a closely held company based in San Diego, says Rexall Sundown has used a "virtually identical" name and packaging to piggyback on "millions of dollars" in nationwide advertisements for Metabolife products. Boca Raton, Fla.-based Rexall Sundown is a unit of Dutch nutrition products maker Royal Numico.
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BUSINESS
December 16, 1999 | E. SCOTT RECKARD, TIMES STAFF WRITER
A leading maker of vitamins and herbal supplements said Wednesday it will pay $78 million to acquire Met-Rx Nutrition Inc., an Irvine-based company accused of failing to disclose the health risks of testosterone boosters like those formerly used by baseball slugger Mark McGwire. Rexall Sundown Inc. of Boca Raton, Fla., said the transaction, part of a strategy to broaden its products, is expected to boost its earnings next year.
BUSINESS
December 16, 1999 | E. SCOTT RECKARD, TIMES STAFF WRITER
A leading maker of vitamins and herbal supplements said Wednesday that it will pay $78 million to acquire Met-Rx Nutrition Inc., the Irvine nutrition company accused of failing to disclose the health risks of testosterone boosters like those formerly used by slugger Mark McGwire. Rexall Sundown Inc. in Boca Raton, Fla., said the transaction, part of a strategy to broaden its products, is expected to boost its earnings next year.
BUSINESS
December 16, 1999 | E. SCOTT RECKARD, TIMES STAFF WRITER
A leading maker of vitamins and herbal supplements said Wednesday that it will pay $78 million to acquire Met-Rx Nutrition Inc., the Irvine nutrition company accused of failing to disclose the health risks of testosterone boosters like those formerly used by slugger Mark McGwire. Rexall Sundown Inc. in Boca Raton, Fla., said the transaction, part of a strategy to broaden its products, is expected to boost its earnings next year.
BUSINESS
September 6, 1997 | Bloomberg News
Rexall Sundown Inc. and Twinlab Corp. called off Rexall's $707-million acquisition of Ronkonkoma, N.Y.-based Twinlab after the Securities and Exchange Commission refused to approve favorable accounting for the purchase. The companies, both makers of nutritional supplements, said discussions were terminated after the SEC said it wouldn't approve a pooling-of-interests accounting treatment. The companies said on July 1 they were considering a transaction in which Rexall would issue 0.
BUSINESS
May 2, 2000 | Reuters
Rexall Sundown Inc.'s stock shot up 22% after Dutch food group Numico agreed to pay $1.8 billion for the Florida-based maker of vitamins and nutritional supplements. Shares of Rexall rose $4.19 to close at $23.44 on Nasdaq. The deal, valued at $24 a share, is backed by insiders controlling more than 50% of Rexall's shares, said Raymond James & Associates Inc. analyst John Ransom. The acquisition will give Numico the top spot in North America's burgeoning mass-market for vitamins and supplements.
HEALTH
July 24, 2000 | From Associated Press
The Federal Trade Commission contends a Florida company misleads consumers by telling them that one of the firm's dietary supplements can rid people of fatty deposits known as cellulite. In a lawsuit filed Wednesday, the FTC said Rexall Sundown Inc. of Boca Raton, Fla., makes false and unsubstantiated claims to market its Cellasene supplement. The company denies the allegations.
BUSINESS
February 24, 2000 | From Associated Press
Nestle USA Inc. has reached an agreement to purchase PowerBar Inc., a maker of energy and nutrition bars. The deal announced Wednesday includes PowerBar's Canadian and European subsidiaries and is subject to regulatory approval. The price was not disclosed. "PowerBar is the leading energy and nutrition bar brand in the U.S.," said Joe Weller, chairman and chief executive of Glendale-based Nestle USA.
BUSINESS
March 12, 2003 | From Times Wire Services
Drug maker Rexall Sundown Inc. agreed to give back to consumers as much as $12 million to settle charges that its weight-loss drug Cellasene did not work as advertised, the Federal Trade Commission said Tuesday. The proposed settlement involving the cellulite treatment needs approval from federal court in Miami. The FTC said such a settlement would also resolve separate class-action lawsuits in California and Florida, provided both states sign off on the deal.
BUSINESS
December 16, 1999 | E. SCOTT RECKARD, TIMES STAFF WRITER
A leading maker of vitamins and herbal supplements said Wednesday it will pay $78 million to acquire Met-Rx Nutrition Inc., an Irvine-based company accused of failing to disclose the health risks of testosterone boosters like those formerly used by baseball slugger Mark McGwire. Rexall Sundown Inc. of Boca Raton, Fla., said the transaction, part of a strategy to broaden its products, is expected to boost its earnings next year.
BUSINESS
January 25, 2000 | ROBIN FIELDS, TIMES STAFF WRITER
The new parent company of Met-Rx USA Nutrition Inc. will dismiss more than half of the Irvine nutritional supplement maker's 140 employees and move most of the remainder to Florida, Met-Rx executives said Monday. Rexall Sundown Inc., which bought Met-Rx last month for $78 million and agreed to repay $30 million of its debt, plans to fire as many as 80 employees starting in April, Met-Rx Chief Operating Officer Darrell Askey said.
CALIFORNIA | LOCAL
July 2, 2000 | ANN W. O'NEILL
Slick? Moi? . . . Aced out . . . Greed over "Greed" . . . Susie Whitewater rides again. * These things are inevitable: Death. Taxes. Cellulite. A Palm Desert woman, one of millions of people who'd give almost anything for a hot bod with dimple-free thighs, has filed a consumer protection suit in Los Angeles Superior Court against the makers of Cellasene. Lindsey Teranchi's suit against the Florida-based Rexall Sundown Inc. charges that Cellasene does not "fight cellulite," as advertised.
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