Apparently Nestlé is interested in the blue food supplements.
According to the report, Glagau is reportedly planning to sell Orthomol for one billion euros. The bidding process for the supplements-specialized company from Langenfeld is set to begin at the beginning of September. Stada and Nestlé are mentioned as potential interested parties – however, the food company already owns Pure and the generics company is said to be getting new owners. No one at Orthomol has yet been available for comment.
Start in the garage
Orthomol was founded in 1991 by Dr. Kristian Glagau and Dr. Hans Dietl. Both of them hit the nerve of the times with their products. By the mid-1990s, the company had just under 40 employees and was already generating sales of around 7.5 million German marks. Glagau and Dietl had actually planned to sell the company at a profit when sales reached 3 million German marks.
In 2001, Glagau took over the company completely. In 2009, his son and other family members took over after the co-founder died. The product range is constantly being expanded. Today, the son is the only member of the family who is still active in the company. He also became famous because he has been an investor in the TV show “Die Höhle der Löwen” for ten seasons. Dr. Michael Schmidt is also the second managing director.
