Abbott Acquires Nutrition Firm EAS
From Associated Press
Abbott Laboratories Inc. has agreed to buy nutrition firm EAS Inc. for $320 million, expanding its growing stable of nutritional products.
The two companies said the cash transaction was expected to close in the fourth quarter, pending regulatory approval.
EAS, short for Experimental and Applied Sciences, makes and distributes dietary supplements and weight-management products worldwide. The privately held firm produces shakes, nutrition bars, protein drinks and other products and sells them under brands that include AdvantEdge, Myoplex and Body for Life.
Abbott shares rose 34 cents to $41.17 on the NYSE.
