Weider Sells American
Body Building Assets
Weider Nutrition International, Salt Lake City, UT, recently sold all assets and associated liabilities related to its American Body Building™ and Science Foods® brands to American Body Building Products, a wholly owned subsidiary of Optimum Nutrition, Aurora, IL. The final sales price will be based on a closing statement of acquired assets and assumed liabilities, and will include approximately $5.65 million cash and the assumption of an approximate $250,000 mortgage on the accompanying beverage facility in South Carolina. The net proceeds from the sale will be used to reduce the company’s long-term debt.