Tag Archive for Acquisitions

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LG Household Buys Avon Japan For $96 Million

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South Korea’s LG Household & Health Care will purchase Tokyo-based cosmetics seller Avon Products for 10.5 billion yen ($96.3 million), marking its fourth acquisition in Japan.
Avon Japan, an offshoot of the American direct sales beauty company, will become a wholly owned subsidiary of LG Household under plans announced on Tuesday. The LG group’s health and beauty arm is expanding its distribution network in the still-vibrant Japanese cosmetics market.
LG Household’s first-quarter operating profit climbed 9% on the year to a record 283 billion won ($262 million) in results released on Tuesday. Sales for the three months ended March rose 7% to 1.65 trillion won.
Despite a slow recovery in Chinese tourists visiting South Korea, demand for high-end products was strong at home and abroad, the company said.
Avon Japan was sold to an affiliate of TPG Capital in 2010. Fellow U.S. investment firm Keystone Partners acquired it in 2016.
LG Household & Health Care is one of the largest household goods and cosmetics manufacturers in South Korea and ranks second in cosmetics in the country after AmorePacific Group. The company’s cosmetics sales via duty-free shops have increased steadily due to a growing number of visitors from abroad. In addition, it has recently been active in mergers and acquisitions

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Tupperware Brands Announces Sale Of Beauticontrol Assets To Youngevity International

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Tupperware Brands Corporation (NYSE: TUP) and Youngevity International, Inc. (NASDAQ: YGYI) today announced they have reached an agreement whereby Tupperware Brands will sell Beauticontrol assets to Youngevity, a leading omni-direct lifestyle company.
As part of the deal, Youngevity will integrate Beauticontrol’s sales force into its company, marketing Beauticontrol branded products, as well as the other brands in Youngevity’s extensive product portfolio.
Youngevity will also market Beauticontrol branded products to its existing member base. Tupperware will earn a royalty based on future sales of the Beauticontrol sales force, and sales of the Beauticontrol product line by the existing Youngevity members.

“We couldn’t be more pleased to reach this agreement with Youngevity.
We feel Youngevity’s 20 year history and impressive track record make them the ideal company to welcome Beauticontrol into its family of brands. The agreement will allow Beauticontrol’s sales force to again be able to purchase many of the products that they and their customers love.
As part of Youngevity, the Beauticontrol product line will have an even wider audience through its existing members and by joining Youngevity, the Beauticontrol sales force members will be able to enjoy a terrific direct selling earning opportunity.
While likely to be modest in any particular year, monetizing these

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Total Life Changes Acquires Whole Food Plant-Based Giant, Vios Nutrition Inc.

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Effective November 30, 2017, Total Life Changes® (TLC) headquartered in Fair Haven, Michigan announced the acquisition of Vios Nutrition, an established direct selling company based in Winston-Salem, N.C. offering two products with certified organic ingredients.
TLC will offer its customers and Independent Business Owners the opportunity to purchase Vios Nutrition’s products. Vios Phyte is a whole-food greens product, containing potent cereal grasses responsible for their essential vitamins, minerals and proteins that support overall health and wellness.
Vios Matrix is a complete, plant-based nutrition shake with a balance of omega-3 fatty acids, branched-chain amino acids, 21 grams of protein, complex carbohydrates, adaptogens, digestive enzymes, prebiotics & probiotics and high-quality fiber. Both products are packaged in single servings, making it convenient to prepare when you are away from home.
TLC is actively seeking to extend its value in the global direct selling arena by supporting businesses seeking assistance. Its merger and acquisition division in Salt Lake City is now responsible for several successful acquisitions and will continue to support companies like Ryte, Inc. and Vios Nutrition seeking flexible considerations.
TLC will control the assets and distributors of Vios Nutrition. TLC’s founder and CEO, Jack Fallon expects a seamless transition with Vios Nutrition’s customers and IBO’s:
 “I feel really good about this decision. We have

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Youngevity Completes Acquisition Of Sorvana

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Youngevity International, Inc. (NASDAQ: YGYI), a leading omni-direct lifestyle company, today announced it has closed the acquisition of the assets of Sorvana International.
Youngevity originally announced entering into a definitive agreement with Sorvana on June 19 of this year.
Sorvana International was formed in November of 2016 through the unification of two natural Wellness companies, FreeLife and L’dara.
FreeLife has been in business for 22 years providing natural wellness products predominantly in the United States, Canada, Australia, and Philippines and L’dara, established in 2013, is known for its award winning patented skin care products.
Steve Wallach, Chairman and CEO of Youngevity stated,
“We are very proud of having closed on the acquisition of Sorvana International. Sorvana embodies so many of the attributes we look for in an acquisition, ranging from the level of quality products, the amount of distributors and customers, and the geographic footprint the company currently has in the marketplace.
We have been seeking to acquire an established company with international distribution and we are very fortunate to have find that opportunity in Sorvana.”
“Closing on this transaction is a great start to the second half of this very exciting year for Youngevity,” said Dave Briskie, President and CFO of Youngevity International.
“The FreeLife and L’dara

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