Nutraceutical International announced that HGGC has completed its previously announced acquisition of the company for $41.80 per share in cash. The transaction was originally announced on May 22, and was approved by Nutraceutical's shareholders on August 21. With the completion of the transaction, Nutraceutical's common stock will cease trading and no longer be listed on the NASDAQ Stock Exchange. Concurrent with the closing of the transaction, Nutraceutical founder, Chairman and CEO, Frank W. "Bill" Gay II announces his retirement after leading the company for nearly 25 years. He is succeeded as CEO by Chad J. Clawson.