Sep 17 2014
As announced on August 11, 2014, Twinlab Consolidation Corporation (TCC) completed its first transaction with the acquisition of Twinlab Corporation. Today, TCC announces the successful completion of its merger into Twinlab Consolidated Holdings Inc. (Symbol: TLCC), resulting in TCC becoming a wholly-owned subsidiary of TLCC.
TCC, with its merger into Twinlab Consolidated Holdings (TCH), creates a platform that will enable the company to emerge as a leader in the nutritional supplement industry and realize its vision for accretive growth through the expansion of its brand portfolio. Building on its acquisition of Twinlab Corporation, TCC contemplates growth through further acquisitions as it leverages manufacturing and distribution efficiencies in a health and wellness industry poised for substantial growth over the next decade.
"Our team is excited by the merger of TCC into Twinlab Consolidated Holdings Inc. (TCH)," says Tom Tolworthy, CEO of TCH. "With our first steps complete in positioning the Company to meet the challenges of a changing health and wellness industry, we feel uniquely equipped to meet the ever-growing consumer expectations for efficacious, high quality and transparent health solutions," adds Tolworthy.
As the Company evolves, it will influence positive change in the nutritional supplement industry and establish a level of accountability and trust that exceeds the growing expectations of health-conscious consumers. TCC strives to surpass the level of service customers expect and demand and assume a leadership position that places a priority on science and is an advocate to an industry committed to providing alternative healthy solutions in a world increasingly focused on living a healthier life.
Mr. Tolworthy further stated that TCH will timely file a report on Form 8-K (a "Super 8-K") with details about the merger and the operations of the companies.
Source:
Twinlab Consolidation Corporation