Twinlab Consolidation Corporation Announces Industry Veteran Wade Nolte as the Company's New EVP, Supply Chain
NEW YORK, Dec. 2, 2015 /PRNewswire/ -- Twinlab Consolidation Corporation (TCC), an industry-leading health and wellness company committed to developing, acquiring and growing top brands and a wholly-owned operating subsidiary of Twinlab Consolidated Holdings, Inc. (OTCPK: TLCC), is pleased to announce the addition of Wade Nolte as Executive Vice President, Supply Chain.
"I am excited and inspired by having Wade Nolte join TCC and its family of companies," said CEO, Tom Tolworthy. Tolworthy continued, "As an experienced senior executive who has enjoyed a highly successful twenty-seven year career in the foods and nutraceuticals sectors, Wade is the ideal leader for enhancing our supply chain capabilities, securing significant operational synergies, and building scale on a global basis to create value for all of our stakeholders."
Prior to joining TCC, Nolte worked with Century Foods International, the manufacturer of nutritional products in the Specialty Foods Division of Hormel Foods Corporation. Most recently, Wade had overall strategic and operating responsibility for global supply chain management and he played a leading role in integrating Hormel's acquisition of CytoSport, the maker of Muscle Milk products.
Nolte's decision to join TCC was inspired by the company's mission, its future goals and TCC's commitment to take on an ever increasing industry-leadership role in the nutraceuticals sector. "I am excited both about Tom's vision and TCC's recent acquisition of Organic Holdings, the parent company of Reserveage™ Nutrition. I look forward to making significant contributions in meeting the needs of today while helping to lead the way towards realizing TCC's vision."
In his new role, Nolte will have management accountability for all supply chain capabilities of the corporation including demand planning, purchasing and procurement, production planning, manufacturing operations, and inventory management. Nolte will serve as a member of the company's Executive Committee and will chair TCC's Operations Committee.
About Twinlab Consolidated Holdings, Inc.
Twinlab Consolidated Holdings, Inc. ("TLCC"), is the parent holding company of Twinlab Consolidation Corporation, an industry-focused health and wellness company committed to developing top brands. With a strong focus on employee ownership, TLCC aligns the interest of all stakeholders and has a portfolio of products that are made in America using the finest ingredients from around the world. In addition to its namesake brand, Twinlab®, established in 1968, TLCC, through TCC and its subsidiaries, also manufactures and sells other well-known category leaders including the Metabolife® line of diet and energy products; the Twinlab® Fuel line of sports nutrition products; Alvita® teas, established in 1922 as a single-herb tea line; Trigosamine® joint support products; and premium nutritional and anti-aging / wellness supplements under the award winning Reserveage™ Nutrition family of brands. TCC also owns NutraScience Labs, which serves as its contract manufacturing division. Twinlab's manufacturing facility located in American Fork, Utah is an NSF GMP and NSF GMP for Sport certified facility. Visit www.tchhome.com for more information.
Forward Looking Statements
Statements we make in this press release may include statements which are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are usually identified by the use of words such as "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "seeks," "should," "will," and variations of such words or similar expressions. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act and are making this statement for purposes of complying with those safe harbor provisions. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond our control including, without limitation, those risks set forth in the "Item 1A. Risk Factors" section of the Annual Report on Form 10-K filed by TLCC with the Securities and Exchange Commission on March 31, 2015 as updated by TLCC's other SEC filings. We assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Twinlab Consolidated Holdings, Inc.
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