Through its UK subsidiary, German drugmaker Stada Arzneimittel (SAZ: Xetra) has acquired family-owned UK based branded product company. Financial terms of the transaction were not disclosed.
The company, Natures Aid, is an established manufacturer of vitamins, minerals, food supplements and herbal products distributed under the Natures Aid brand. Until 2020, the global dietary supplement market is expected to grow by about 5% annually. Over the past years, the company posted double-digit sales growth annually (three-year-compound annual growth rate: ~14%).
Natures Aid, based in Preston, UK, was founded in 1981 and currently has around 60 employees. In the financial year July 2015 to June 2016 Nature Aid posted sales of £7.3 million (around $9 million), of which about 80% are generated in UK and 20% in more than 40 countries worldwide. Earnings before interest, taxes, depreciation and amortization (EBITDA) were £1.9 million.
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