US nutritional products maker EAS is reported to have been put up for sale by its parent company for up to US$400m.
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EAS, formerly Experimental & Applied Sciences, makes nutritional food and beverage products including diet bars, protein drinks and energy supplements. Its brands include Mypolex, AdvantEdge and EAS HP.
North Castle Partners, which owns EAS, is looking for a buyer for the company, which could fetch up to $400m, the New York Post reported, citing sources familiar with the situation.
Potential buyers include food companies Nestlé, Kellogg, PepsiCo, Kraft Foods, Wrigley, Hershey Foods and Mars, as well as a number of buyout firms, the newspaper said.
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