e Nutrition quits supplements business, buys sports equipment group

- Last updated on GMT

In a major change of direction, the nutritional supplement
developer and marketer e Nutrition has decided to sell all its
existing businesses and acquire the sports equipment supplier
Torpedo Sports USA.

In a major change of direction, the nutritional supplement developer and marketer e Nutrition has decided to sell all its existing businesses and acquire the sports equipment supplier Torpedo Sports USA.

The deal will take the form of an exchange of stock - e Nutrition will issue 8,000,000 shares of common stock to Torpedo Sports' stockholders to acquire all of Torpedo Sports' outstanding shares. Completion is subject to approval by both companies' shareholders.

Torpedo Sports is a French Canadian company which specialises in the manufacture and distribution of outdoor recreational products for children such as toboggans, baby sleds, snowboards, tricycles, scooters and skateboards.

e Nutrition gave no reason for its decision to withdraw from the direct mail marketing business, saying simply that the deal required it "to divest all of its current business operations prior to the closing of the transaction"​ . However, the current difficulties being experienced by a number of supplement companies, due to the general downturn in the US market, might be a major factor in the decision.

Related products

show more

Sports Drinks Solutions from GELITA

Sports Drinks Solutions from GELITA

Gelita AG | 08-Sep-2017 | Technical / White Paper

Protein is the quintessential nutrient for athletes, weekend warriors and amateur sportspeople who want to maximize the impact of their training sessions....

Robuvit

Introducing Robuvit® For Premium Vitality

Horphag Research (USA) Inc. | 06-Jun-2017 | Clinical Study

Horphag Research launches Robuvit®, a French oak extract that is a caffeine-free natural energizer and supports sports performance. Published research...

Related suppliers

Follow us

Featured Events

View more

Products

View more

Webinars