International Vitamin Corporation acquired a 57% stake in Nutra Manufacturing from GNC for $176m.

International Vitamin Corporation, a world leading nutritional supplement manufacturer, acquired a 57% stake in Nutra Manufacturing, a manufacturer of tablets, softgels, and two-piece hard-shells, from GNC Holdings for $176m. Ken Martindale, Chairman and Chief Executive Officer of GNC commented, "This partnership with IVC will provide us a level of efficiency we could not have achieved on our own while allowing our team to continue focusing on delivering high quality, innovative products to our customers," Martindale said. "IVC has capacity to scale up, giving us room for future growth and supporting our global expansion plans without the need for significant future capital investment."