Atkins Plan Looks Healthy To Investors

AP - Newsday ^ | October 30, 2003 | Alan J. Wax

[grimalkin]

2 firms buy controlling stake in nutritional goods company

Two investment firms have acquired a controlling stake in the rapidly growing low-carb food marketing company founded by diet guru Dr. Robert C. Atkins.

Seeing long-term growth opportunities, Boston-based Parthenon Capital and Manhattan-based Goldman Sachs Capital Partners have made an unspecified investment in Ronkonkoma-based Atkins Nutritional Inc.

The deal announced yesterday, less than two weeks after Atkins' Manhattan medical practice closed its doors for the last time, comes as consumers are beginning to spend freely on an ever-growing array of foods labeled low carb.

The investment is essential to drive the company to "an entirely new level," Paul D. Wolff, Atkins chairman and chief executive, said in a news release.

[areafiftyone]

Actually the Atkins diet is very good for diabetics also. I was just diagnosed with diabetes and was told I could take care of it with diet rather than take medicine. I went to the nutritionist and she gave me a diet (which was almost like the Atkins one) and she told me that carbs were more dangerous to a diabetic than sugar.