NEW YORK, NY February 2, 2016 – Centre Lane Partners, LLC (“Centre Lane”), a New York-based private investment firm, announced that it has acquired Vitamin World, a leading specialty retailer in the vitamins, minerals, herbs, and supplements market from NBTY, a portfolio company of The Carlyle Group. NBTY agreed to sell Vitamin World to Centre Lane to enable Vitamin World to operate as a fully stand-alone retail business.
Vitamin World began in 1976 with a kiosk in Williamsville, New York. Today, there are 380 Vitamin World stores in the United States, Guam, the Virgin Islands and Puerto Rico. Traveling the world to find the freshest, purest, and potent health ingredients in order to craft the highest quality vitamins and supplements for their customers, Vitamin World brings quality ingredients, products and people, from the source to the customer.
Mayank Singh, Managing Director at Centre Lane added the following, “We are enthusiastic about working with the Vitamin World management team and employees to position the business for long-term growth and success. They have done a terrific job of making Vitamin World one of the leading specialty retailers of vitamins, minerals and supplements and we want to build on that foundation.”
“The Vitamin World employees are dedicated to helping our customers meet their wellness goals,” said Sue Gove, President of Vitamin World. “We are excited to begin this new journey with Centre Lane Partners and to continue giving Vitamin World’s loyal customers the best products and service.”
About Centre Lane Partners
Centre Lane is a private investment firm focused on making equity and debt, control and non-control, investments in North American middle market companies. Centre Lane targets companies with revenues between $20 and $500 million that have leading market positions and sustainable competitive advantages in their respective niches. Industries targeted for investment are broad and diverse with no industry excluded from our consideration.