Gaspari Nutrition Sells Company
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Rich Gaspari pushes MUSCLE INSIDER Publisher Scott Welch through a set of Seated Cable Rows.
Gaspari Nutrition Sells Company
The deal has now been made offical! According to the Wall Street Journal, Gaspari Nutrition has been sold out of bankruptcy for $10.1 million dollars to an affiliate of the U.K. distribution giant Body Temple Ltd. The company was put up for auction and the deal closed on December 23, 2014. You may remember that Gaspari Nutrition had filed for bankruptcy on Oct. 14th 2014 and Ultimate Nutrition also filed for bankruptcy recently, so there's definitely some volatility in the supplement industry these days. But the good news is this sale gives Gaspari Nutrition a second chance to continue making products for bodybuilding fans around the world.
Rich Gaspari Still On Staff
The Wall Street Journal states that Rich Gaspari no longer owns the company but is expected to stay on staff.
Hidetada Yamagishi Still Sponsored
The company also plans to keep its endorsement contract with Hidetada Yamagishi, the first Japanese bodybuilder to compete in the Mr. Olympia contest.