Hi-Tech continues to beef up sports nutrition portfolio

NORCROSS, Ga. - Hi-Tech Pharmaceuticals continues to beef up its sports nutrition product portfolio with the acquistion of Sports One brands Amphedrine, Andro-XS, Better Whey, and Solid Mass. The acquisition comes days after the company's purchase of Innovative's sports nutrition portfolio.

 

"Sports One products will serve as a growth catalyst for our sports supplement segment, providing this division with another leading brand in the high-growth sports nutrition category," said Steve Smith, EVP Hi-Tech Pharmaceuticals. 

 

Hi-Tech's recent strategy has been, and according to its leaders will continue to be, growth through M&A activity. Hi-Tech has been able to increase its market share in the United States through the acquisition of Florida-based Synergy Nutritional Industries in 2005, and gained a larger market share when it acquired Advanced Performance Supplements in 2011. Hi-Tech gained further marketshare when it acquired Nittany Pharmaceuticals in Pennsylvania and ALR Industries in California in 2012. In 2015, Hi-Tech has acquired Advanced Pharmaceuticals and Nutritionals, FormuTech Nutrition, Innovative Laboratories and with the most recent acquisition by Hi-Tech of Sports One it is the fourth acquisition for Hi-Tech and will not be the last of the year, the company stated.