Saturday, March 15, 2008

Leading U.S. Supplement Manufacturer Files for Bankruptcy

Leiner Health Products Inc., a leading maker of vitamins and nutritional supplements, filed for bankruptcy protection Monday, a year after the Food and Drug Administration found problems at one of its manufacturing plants, prompting a product recall.

Carson-based Leiner, which supplies store-brand products to major retailers including Costco and CVS, listed assets and debt of $500 million to $1 billion in a Chapter 11 petition filed in U.S. Bankruptcy Court in Delaware.

To read more of this content at the Los Angeles Times, click here.

No comments: