NAI buys 54,154 sq ft Carlsbad manufacturing/warehouse facility for $17.5M

NATURAL ALTERNATIVES INTERNATIONAL INC

Purchased on August 20, 2021 for $17.5 million from an unrelated third party.
Financed with $10M term loan from Wells Fargo (amended credit facility) and $7.5M cash.
Facility will be retrofitted into a high-volume powder blending and packaging plant.
Expected to come online late in current fiscal year; adds raw material storage capacity.
CEO cites growing powder delivery segment; expansion supports domestic sales growth.

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