NAI Sells Catalog and Internet Business

Natural Alternatives International (NAI; San Marcos, CA) sold its As We Change catalog and Internet business for $2 million in cash, the company announced on August 5.

The sale of the catalog business, operated by NAI’s wholly owned subsidiary Real Health Laboratories Inc., will enable NAI to concentrate on its private label and contract manufacturing clients.

“The sale of this business should allow us to better maintain focus on our core business, private label contract manufacturing, and will provide liquidity that should allow us to make additional investments in our core business while maintaining our strong balance sheet,” said NAI president Randall Weaver.

NAI generated $20.7 million in contract manufacturing revenues during the fourth quarter of 2008, compared with $18 million during the third quarter. The company’s total revenues for the fourth quarter, including the catalog and Internet business, were $25.2 million.

“We are extremely pleased with the growth in our fourth quarter revenues, particularly the contract manufacturing revenues,” added NAI chairman and CEO Mark LeDoux. “We believe our commitment to good manufacturing practices has paid dividends, as we have seen revenues from new customers grow. We are also pleased we have been able to attract top-tier customers and potential customers who recognize the value in our state-of-the-art facilities and our commitment to quality manufacturing.”