Herbalife Closes Acquisition of U.S. Manufacturing Facility in Winston-Salem, North Carolina
LOS ANGELES--(BUSINESS WIRE)--
Herbalife Ltd. (NYSE: HLF), a global nutrition company, announced today
that its agreement to purchase a manufacturing facility in
Winston-Salem, North Carolina, was completed on December 31, 2012.
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.
Over the next two years, Herbalife expects 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
Herbalife expects to begin production in this facility as early as June
2014 and estimates that approximately 500 new jobs will be created by
the time it reaches full operations.
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF) is a global nutrition company that sells
weight-management, nutrition, and personal care products intended to
support a healthy lifestyle. Herbalife products are sold in more than 80
countries to and through a network of independent distributors. The
company supports the Herbalife Family Foundation and its Casa Herbalife
program to help bring good nutrition to children. Herbalife's website
contains information about Herbalife, including financial and other
information for investors at http://ir.Herbalife.com.
The company encourages investors to visit its website from time to time,
as information is updated and new information is posted.
VP, Worldwide Corp. Comm.
VP, Investor Relations
Source: Herbalife Ltd.
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