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Vitamin World Receives $26 Million Bid from Latium Enterprises

Submitted by jhartgen@abi.org on

Vitamin World, a Holbrook, N.J.-based retail chain that filed for bankruptcy protection in September, has received a $26 million cash bid from Latium Enterprises to acquire its remaining 150 or so stores, according to court filings made on Friday, Newsday reported. The bid envisions keeping workers at some Vitamin World stores in their jobs, according to the filings. Latium is also based in Holbrook and is engaged in financing, consulting, manufacturing and commercial property ownership and management, among other businesses, according to data from S&P Global Market Intelligence. The bid from Latium is subject to higher bids at a court-supervised auction.