The listing states a decline in sales and the company believes a new owner or partner can change things around.
Where does leave the newly signed athletes? surely in the coming days for information will be published.
The actual listing can be seen here
What is stated on the site:
Our firm has been retained to find an equity investor, joint venture partner, or entirety buyer for Gaspari Nutrition, a world leading developer and distributor of sports nutrition supplements, founded by International Federation of BodyBuilding and Fitness Hall of Fame member, Rich Gaspari, in 1999. Rich has been involved in the bodybuilding and fitness field for over 30 years. He excelled as a top professional bodybuilder from the mid 80’s through the 90’s, winning Mr. America (now known as the NPC Nationals), Mr. Universe, Professional Mr. World, and Three Time runner up for the most coveted title in professional bodybuilding, the “Mr. Olympia.” After retiring from professional bodybuilding, Rich began developing his own line of supplements and building one of the most formidable and respected brands in the world, reaching sales of $85 million per year. The company continues to sell primarily through retailers such as The Vitamin Shoppe and GNC and through online sites such as www.bodybuilding.com. It operates out of 70,000 sq. ft. of warehouse and office space in Lakewood, NJ. Although sales have declined due to a number of factors, the brand remains strong, and with the right partner, the company has tremendous potential to again be an industry leader in sports nutrition and supplements.
Gaspari offers an industry leading line of supplements used by bodybuilders and athletes around the world. Popular supplements include “Myofusion”, “IntraPro”, “SuperPump250” and “SizeOn.” Gaspari strives to develop the most useful and effective products in their respective categories while continuing to break ground with exciting new products. Rich and his team back up these products with real and unbiased independent research as Gaspari Nutrition continues to set the new benchmark for both efficacy and responsibility in an ever changing industry with an increasingly educated consumer. The brand has won countless awards, including back to back Vendor of the Year with GNC and multiple times Product of the Year from BodyBuilding.com.
Rich’s many titles brought him popularity and fame worldwide and he has appeared countless times in and on the covers of various publications such as Muscle and Fitness, Flex, Iron Man, Muscular Development, Muscle Media 2000, Muscle Mag International and many others throughout the world. Rich has also appeared in television commercials and on various TV shows such as the Tonight Show, Geraldo Rivera, and Live! Today, Gaspari Nutrition remains among the most recognizable and trusted brands in the fitness industry and continues to sponsor world class bodybuilders, MMA fighters and strength and endurance athletes. Gaspari Nutrition, and Rich personally, also enjoy a strong social media and web presence. Rich was honored with the Ben Weider “Lifetime Achievement Award” in 2009 and in 2013, also received the Arnold Schwarzenegger Lifetime Achievement Award. Rich proved to be a worthy recipient, as both awards are given to an influential and inspiring member of the bodybuilding community who has elevated the sport in their own unique way and exemplifies the meaning of the words health and fitness. This is an excellent opportunity to invest in or acquire a globally recognized brand and market share in a growing and high upside industry.