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Nutraceutical to acquire Seattle company's assets

PARK CITY — Nutraceutical International Corp. said Friday it plans to acquire substantially all of the operating assets of Seattle-based Pilgrim's Natureway LLC through its subsidiary Fresh Vitamins Inc.

Terms were not disclosed. The transaction closing is expected to occur by Nov. 30.

Pilgrim's generates annual revenue of about $4 million through 10 health-food stores that primarily sell branded nutritional supplements.

Nutraceutical markets, distributes, retails and manufactures branded nutritional supplements and other natural products.