Navigation Links
Alticor Enters Into Joint Venture Agreement With Metagenics

ADA, Mich. and SAN CLEMENTE, Calif., Aug. 11 /PRNewswire/ -- Alticor, a global company with an uncompromising commitment to innovative scientific research and development of quality products, and Metagenics, a premier manufacturer and distributor of science-based medical foods and nutraceuticals marketed to health care professionals, today announced that they have entered into a joint venture agreement.

Under the terms of the agreement, Alticor will obtain a substantial ownership interest in Metagenics, and the current Metagenics shareholders will continue to retain a significant interest in the company. The agreement is subject to customary closing conditions, including approval by Metagenics shareholders and antitrust clearance. The closing is expected to take place later this summer. Detailed terms of the agreement were not disclosed.

"Today is an extraordinary day for Metagenics and its employees and customers around the world as we join forces with a partner that shares our commitment to science-based nutrition and wellness," said Jeffrey J. Katke, Chairman and CEO of Metagenics. "Alticor is an $8 billion global company with an unwavering dedication to research and the development of best-in-class products. We are confident that this joint venture will give Metagenics new opportunities to expand and grow - allowing us to further enhance the innovative product offerings our trusted health care professionals have come to expect."

Katke added, "Metagenics remains dedicated to its values. We believe this joint venture, by giving us access to financial resources to support our internal growth and our acquisition strategy, will help Metagenics realize its vision of reversing the chronic illness epidemic. Metagenics will continue to operate as a stand-alone company, delivering medical foods and nutraceuticals through health care professionals around the world."

"Alticor and Metagenics share a philosophy for promoting good nutrition, healthy living and natural science," said Jim Weaver, Vice President - Alticor Corporate Enterprises. "Each company boasts a deep commitment to science and nature with leading research and development teams dedicated to harnessing the power of plant-based, natural, scientific research. This joint venture fits into our strategy to bring complementary brands into our family of businesses, and we are pleased to be partnering with Metagenics' world-class employees and management team."

Alticor and Metagenics each have a long history of dedication to health, wellness and the application of advanced science and technology.

Alticor, through its NUTRILITE(TM) brand, conducts innovative nutrition research and offers more than 200 products to address the individual nutritional and wellness needs of anyone at any life stage. Many of NUTRILITE's products are manufactured using botanicals grown either on NUTRILITE-owned certified organic farms or on farms that adhere to sustainable farming principles to ensure the best products are delivered to individuals seeking to maintain a healthy lifestyle.

Metagenics' investment in scientific research led to the development of its leading nutrigenomic research center. The center develops science-based medical foods and nutraceuticals for nutritional support of clinically tested therapeutic lifestyle-change programs. Therapeutic lifestyle change programs are emerging as the preferred method for the treatment and prevention of chronic illnesses.

In forming the joint venture, Bryan Cave provided legal counsel for Alticor and Crowe Horwath served as financial advisors. Canaccord Adams acted as exclusive financial adviser to Metagenics, and McDermott Will & Emery provided legal counsel.

About Alticor

Alticor ( is the parent company of Amway Corp., Amway Global, Access Business Group LLC and Alticor Corporate Enterprises. Headquartered in Ada, Michigan, USA, Alticor and its affiliates offer products, business opportunities, and product development, manufacturing and logistic services in more than 80 countries and territories worldwide. In its most recent financial year, the company reported worldwide sales of more than $8.2 billion. For further information, please contact Alticor's media information line at 616-787-7565 or e-mail Alticor's media relations staff at

    Ania Zdrada
    Corporate Communications

About Metagenics

Metagenics ( headquartered in San Clemente, CA, is a global life sciences company focused on reversing chronic illness and improving health. Founded in 1983, the company serves tens of thousands of health care professionals and more than a million patients throughout the world and holds more than 40 proprietary formula patents for use in nutraceuticals, medical foods, and pharmaceuticals. Today, Metagenics continues its leadership role through its world class sales force, by successfully merging the disciplines of nutritional genomics, functional medicine, and therapeutic lifestyle change programs to find solutions to society's most pressing health concerns.

    Joseline L. Davison
    Corporate Communications
    Metagenics, Inc.

SOURCE Alticor
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Alticors 2007 Global Sales Top $7 Billion
2. Photos: Lumixyl(TM) Enters the Market to Improve the Appearance of Hyperpigmentation without Irritation and Side Effects
3. Memorial Blood Centers Joins Extreme Makeover: Home Edition As Designated Charity
4. Millin Associates has the Perfect Solution for Hospitals & Health Centers Dealing With an Influx of Uninsured Patients
5. Great Expressions Dental Centers, Inc. Acquires Willow Creek Dental Care in Canton, MI
6. AHIMA Enters Multinational Arena to Support HIM Worldwide Advancement
7. Medicare Cuts Will Force Many Cancer Centers To Close, Stop Seeing Medicare Patients, Lay Off Staff, According To ASTRO Survey
8. Texas Kidney Community: CMS Authorization to Survey 22 New Dialysis Centers Excellent First Step Toward Opening Additional Pending Facilities, Creating More Local Jobs
9. SETO Holdings, Inc. Enters Into Two Additional Leases for Two New Hearing Centers in Maryland and Virginia
10. Assara Laser Hair Removal Centers (New York, NY) Receives 2008 New York Award for Cosmetology & Personal Hygiene Salons by the U.S.C.A.
11. NeoGenomics Enters into Strategic Supply Agreement with Abbott for Development of a Melanoma Cancer Test
Post Your Comments:
(Date:10/12/2017)... , ... October 12, 2017 , ... ... now treating sleep apnea using cutting-edge Oventus O2Vent technology. As many ... sleep disorder characterized by frequent cessation in breathing. Oral appliances can offer significant ...
(Date:10/12/2017)... ... ... IsoComforter, Inc. ( ), one of the Nation’s premier ... of the shoulder pad. The shoulder pad provides optimal support and full contact ... using cold therapy. By utilizing ice and water that is circulated from an insulated ...
(Date:10/12/2017)... Maryland (PRWEB) , ... October 12, 2017 , ... ... magnetic drug delivery system that we intend to develop to enable prevention of ... can lead to severe hearing loss, especially in pediatric patients. For cisplatin, hearing ...
(Date:10/12/2017)... ... October 12, 2017 , ... Leading pediatric oncology experts ... Washington, D.C., for the 49th Congress of the International Society of Paediatric Oncology ... of the Center for Cancer and Blood Disorders at Children’s National, and ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... the nation's first interactive health literacy software tool, and the Cancer Patient Education ... of cancer patient education, today announce a new strategic alliance. , As ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... Halo Labs announces the European launch of their new low volume, ... 2017 in Cambridge, U.K on October 4th. ... samples with unprecedented speed and sensitivity while using far less sample ... ... system ...
(Date:9/28/2017)... Cohen Veterans Bioscience and Early Signal Foundation ... and home sensors for real-time monitoring of patients with ... nonprofit organization focused on disruptive health solutions for rare ... system to record and integrate behavioral, cognitive, physiological and ... ...
(Date:9/25/2017)... , Sept. 25, 2017   Montrium , ... File solutions, today—from the IQPC Trial Master Files ... , NL)—announced that EastHORN Clinical Services has selected ... programs and TMF management. EastHORN, a leading European ... platform to increase transparency to enable greater collaboration ...
Breaking Medicine Technology: