Twinlab
Company type | Public |
---|---|
Industry | Health products |
Founded | 1968 |
Headquarters | Boca Raton, Florida |
Website | www.twinlab.com |
Twinlab Consolidated Corporation is an American company which manufactures and markets
Twinlab currently produces more than 500 different products.[1]
History
Twinlab was founded by David and Jean Blechman in 1968 and run by them and their sons – Neil, Brian, Ross, Steve and
Following a
In the 1980s Twinlab branched out formulating new vitamin and nutritional supplements and purchased a publishing company called Advanced Research Press, Inc. (ARP) publishers of the bodybuilding magazine Muscular Development and several other magazines.
David Blechman retired in 1996, and passed the title of CEO to his son Ross, while the other sons were installed as corporate officers. He died on July 7, 2000. In 2001 Twinlab sold ARP to Steve Blechman who then resigned from Twinlab.
After slumping sales in 2002,[2][3] the company filed a voluntary petition for Chapter 11 reorganization with the U.S. Bankruptcy Court for the Southern District of New York in September 2003. In 2004, Twinlab Corp., Twin Laboratories Inc. and Twin Laboratories (UK) Ltd. were purchased for $65 million by IdeaSphere Inc.[4]
Ideasphere also known as ISI brands, and which also operated as Twinlab, went on to acquire other dietary supplement brands such as Metabolife, Nature's Herbs, Alvita Teas, and a publisher, Rebus LLC.[5]
In January 2014 Twinlab's CEO Tom Tolworthy announced that he would partner with Capstone Financial Group to raise $130M to conduct a management buyout of Twinlab and make other acquisitions, via an entity called Twinlab Consolidation Corporation.[6][7] The transaction was completed in August 2014.[8]
In July 2018, Anthony Zolezzi, founder of Bubba Gump Shrimp Company[9][10] and Pet Promise Natural Dog Food[11] was named CEO of Twinlab, after being appointed to the Board of Directors the previous May.[12]
Variations
Vitamin variations are as follows;[13]
- Daily One Caps without Iron
- NAC N-Acetyl-Cysteine
- High Potency Natural Magnesium
- Women's Ultra Daily Multivitamin
References
- ^ Mission Statement, twinlab.com, accessed January 13, 2007.
- ^ Twinlab hit by sales downturn, nutraingredients-usa.com, July 31, 2002, accessed January 13, 2007.
- ^ Twinlab restructuring takes its toll, nutraingredients-usa.com, November 13, 2002, accessed January 13, 2007.
- ^ Staff, Engredea. Dec 21, 2003 IdeaSphere Purchase of Twinlab Completed
- ^ Staff, Engredea. Jul 3, 2005 Ideasphere Intends to Acquire Non-Ephedra Metabolife Assets Archived 2014-08-26 at the Wayback Machine
- ^ Hank Schultz for Nutra Ingredients Jan 27 2014 $130 million in financing to underpin Twinlab management buyout
- ^ Hank Schultz for Nutra Ingredients March 17, 2014. New structure will create a 'more relevant' Twinlab, Tolworthy says
- ^ Michael Johnsen for Drug Store News. August 11, 2014. Twinlab Consolidation Corp. acquires Twinlab Corp. in strategic, employee-led buyout
- ^ "Big kahunas of tuna". cbs8.com. 12 January 2010. Retrieved 2022-01-10.
- ISSN 0362-4331. Retrieved 2022-01-10.
- ^ "A promise worth keeping". www.petfoodindustry.com. 10 March 2009. Retrieved 2022-01-10.
- ^ "Twinlab Names Anthony Zolezzi CEO". Vitamin Retailer Magazine. 2018-07-23. Retrieved 2022-01-10.
- ^ "Vitamin Shoppe". www.vitaminshoppe.com. Retrieved 2023-05-19.