Business
FitLife Brands Closes Acquisition of Irwin Naturals
OMAHA, NE, Aug. 11, 2025 (GLOBE NEWSWIRE) -- FitLife Brands, Inc. (“FitLife” or the “Company”) (Nasdaq: FTLF), a provider of innovative and proprietary nutritional supplements and wellness products, today announced that on August 8, 2025, it successfully closed the acquisition of substantially all of the assets of Irwin Naturals and its related affiliates (“Irwin”) as previously approved by the US Bankruptcy Court for the Central District of California. Through the asset purchase transaction und
About this update from Fitlife Brands, Inc.
[{"type":"image","alt":"FitLife Brands, Inc.","displaySize":"","headline":null,"caption":"FitLife Brands, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":78,"url":"https://media.zenfs.com/en/globenewswire.com/85124d0f003676cfc636d85f1ea0ca21"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/eWx7y9xEAMka1mdAUgAQug--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEwOTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/85124d0f003676cfc636d85f1ea0ca21","width":300,"height":78}},"lazy":false},{"type":"text","content":"OMAHA, NE, Aug. 11, 2025 (GLOBE NEWSWIRE) -- FitLife Brands, Inc. (“FitLife” or the “Company”) (Nasdaq: FTLF), a provider of innovative and proprietary nutritional supplements and wellness products, today announced that on August 8, 2025, it successfully closed the acquisition of substantially all of the assets of Irwin Naturals and its related affiliates (“Irwin”) as previously approved by the US Bankruptcy Court for the Central District of California.","length":457,"tagName":"p"},{"type":"text","content":"Through the asset purchase transaction under Section 363 of the US Bankruptcy Code, the Company acquired substantially all of the assets and assumed minimal liabilities of Irwin. Total consideration for the acquisition was $42.5 million. Of this amount, $35.75 million was funded using proceeds from a new term loan and revolving line of credit provided by First Citizens Bank, with the remainder funded from FitLife’s available cash balances.","length":455,"tagName":"p"},{"type":"text","content":"Dayton Judd, FitLife’s Chairman and CEO, commented, “We are excited to close this acquisition. Irwin has incredible brands with strong distribution, supported by an amazing team. We expect Irwin to drive revenue and earnings growth for the Company.”","length":261,"tagName":"p"},{"type":"text","content":"About FitLife BrandsFitLife Brands is a developer and marketer of innovative and proprietary nutritional supplements and wellness products for health-conscious consumers. FitLife markets over 250 different products primarily online, but also through domestic and international GNC franchise locations as well as through various retail locations. FitLife is headquartered in Omaha, Nebraska. For more information, please visit our website at www.fitlifebrands.com.","length":482,"ta...