logo
  Join        Login             Stock Quote

Herbalife (HLF) Buys Manufacturing Facility In Winston-Salem, North Carolina

 January 04, 2013 12:17 PM
 


(By Balaseshan) Herbalife Ltd. (NYSE: HLF), a global network marketing nutrition company, said it has completed the acquisition of manufacturing facility in Winston-Salem, North Carolina.

The Grand Cayman, the Cayman Islands-based Herbalife expects to begin production in this facility as early as June 2014, and anticipates that about 500 new jobs will be created by the time it reaches full operations.

Over the next two years, Herbalife projects to invest in excess of $100 million on machinery & technology, as well as a complete retro-fitting of the existing facility to ensure it is in full compliance with U.S. Good Manufacturing Practices (cGMPs) for dietary supplements and food products.

[Related -Herbalife Ltd. (HLF) Q3 Earnings Preview: What To Watch?]

The purchase of this facility further expands Herbalife's global manufacturing capacity and is in line with the company's stated strategy to increase self-manufacturing for its top products.

Herbalife sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of about 2.7 million independent distributors, except in China, where the company sells its products through retail stores.

HLF is trading up 2.20% at $37.15 on Friday. The stock has been trading between $24.24 and $73 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


(1)
 
1/4/2013 2:39:33 PM
Another Scam by Scott Johnson
Another scam everyone should be aware of is the Amway Tool Scam. Google "Stop The Amway Tool Scam Wordpress" for more information, and forward this to every non-Distributor/IBO you know, so they don't get scammed.
Rating: (0) (0)
Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageBuffett's Market Indicator Flashes Red, Prepare To Sell

With each passing month, it's becoming evident that the current bull market has slowed from a gallop to a read on...

article imagePBoC joins other major central banks with unconventional monetary policy action

Softer than expected economic growth in China (see discussion) has finally spurred the PBoC into action. read on...

article imageA Buyback Boost?

Are stock buybacks the only thing keeping this bull market read on...

article imageGold Slides On Perfect Storm For Dollar

For all the anticipation surrounding the delivery of the Fed’s statement in the run-up to the September read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.