| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Nutraceutical International Corporation |
| 1400 Kearns Boulevard, 2nd Floor, Park City, UT 84060 * (435) 655-6000 |
| The company is one of the nation's largest manufacturers and marketers of quality branded nutritional supplements sold to health food stores. |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| NASNTL: | NUTR | Manufacturing: | SIC 2833 | |
| Type of Shares: | Common Shares | Filing Date: | 12/10/97 | |
| U.S. Shares: | 3,330,000 | Offer Date: | 2/19/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $17.50 | |
| Secondary Shares: | 1,330,000 | Gross Spread: | $1.23 | |
| Offering Amount: | $49,950,000 | Selling: | $0.73 | |
| Expenses: | $0 | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Employees: | 400 |
| Issuer's Law Firm: | Kirkland & Ellis |
| Bank's Law Firm: | Kaye, Scholer, Fierman, Hays & Handler |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Price Waterhouse |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/97 | 9/30/97 | ||||
| Revenue: | $98.10 | Assets: | $90.11 | ||
| Net Income: | $4.25 | Curr Assets: | $35.08 | ||
| EPS: | Liabilities: | $73.76 | |||
| Prior EPS: | Curr Liab: | $19.47 | |||
| Cash Flow/Oper: | $9.36 | Equity: | $16.35 | ||
| Cash Flow/Fin: | -$3.65 | Cash: | $4.42 | ||
| Cash Flow/Inv: | -$3.62 | Working Cap: | $15.62 | ||
| Competition |
| The VMS Industry is highly competitive. The Company's principal competitors in the Healthy Foods Channel include a number of large nationally known manufacturers (such as Twinlab Corporation, Solgar Vitamin and Herb Company, Inc. and Nature's Way Products, Inc.) and many smaller manufacturers and marketers of nutritional supplements. Certain of the Company's principal competitors are larger than the Company, have greater access to capital and may be better able to withstand volatile market conditions. Moreover, because the VMS Industry generally has low barriers to entry, additional competitors could enter the market at any time. In that regard, although the VMS Industry to date has been characterized by many relatively small participants, there can be no assurance that national or international companies (which may include pharmaceutical companies or other suppliers to mass merchandisers) will not seek to enter or to increase their presence in this industry. Increased competition in the industry could have a material adverse effect on the Company. |
| Business Plan |
| The Company's strategy is to enhance its position as a leader in supplying quality branded products to the Healthy Foods Channel while continuing to generate rapid growth in sales and profitability. Unlike many of its competitors, the Company has chosen to focus exclusively on the Healthy Foods Channel. Specifically, the Company seeks to: (I) Increase Market Share In the Rapidly Growing Healthy Foods Channel, (ii) Continue to Make Strategic Acquisitions, (iii) Continue to Develop New Products and Product Extensions and (iv) Capitalize on Strong International Growth. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay the outstanding indebtedness under the existing credit agreement. |
| Officer Name | Title | Age |
| Robert C. Gay | Director | 46 |
| Matthew S. Levin | Director | 31 |
| Geofreey S. Rehnert | Director | 40 |
| Frank W. Gay II | Director, Chairman of the Board and Chief Executive Officer | 52 |
| Jeffrey A. Hinrichs | Director, Chief Operating Officer and Executive Vice President | 40 |
| Bruce R. Hough | Director, President and C.O.O. | 43 |
| David M. Vance | President, Au Naturel | 56 |
| Leslie M. Brown, Jr. | Senior Vice President, Finance and Chief Financial Officer | 33 |
| William T. Logan | Senior Vice President, Marketing and Sales | 55 |
| Stanley E. Soper | Vice President, Legal Affairs | 34 |