Chinese dairy products maker Feihe International Inc. will acquire Vitamin World Inc out of bankruptcy for $28 million, after the U.S. nutritional supplements retailer received no other bids, Reuters reported. The deal makes Vitamin World, based in Holbrook, N.Y., the latest North American company in the vitamin sector to attract Chinese acquisition interest. Vitamin World, which filed for chapter 11 protection in September, has now canceled an auction for the company which had been scheduled for today. A bankruptcy court judge must still approve the sale to Feihe. Feihe plans to operate Vitamin World’s remaining 156 stores, the sources said. Vitamin World, formerly part of global vitamin maker NBTY Inc, shuttered nearly 200 of its retail outlets while in bankruptcy.
