Hauser Files Voluntary Petition For Chapter 11 Reorganization

Hauser, Inc., El Segundo, CA, and its wholly owned subsidiaries, Botanicals International Extracts, Inc., Hauser Technical Services, Inc. and ZetaPharm, Inc., filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court for the Central District of California. The Chapter 11 filings will enable Hauser to continue to conduct business as usual, while it develops a reorganization plan.

Zuellig Botanicals, Inc. (ZBI), which does business as BI Nutraceuticals, Long Beach, CA, is not, and will not be a part of Hauser’s bankruptcy filing. Although ZBI does provide purchasing, accounting, administrative, sales and marketing services to Hauser’s dietary supplements businesses, it is a separate, independently owned company and not part of the Hauser bankruptcy.