01.01.03
NBTY, Inc., Bohemia, NY, has signed a letter of intent to purchase the De Tuinen chain of health food stores for $16.6 million. The De Tuinen chain operates 44 company owned stores and 21 franchised stores located throughout The Netherlands. De Tuinen, with total revenue of $30.2 million, has been a wholly owned subsidiary of the Ahold group of companies since 1991. The transaction, which is subject to certain Dutch approvals, is expected to be complete in the first quarter of 2003.