Herbalife, a global nutrition company, is to buy certain assets of Micelle Laboratories, a California-based contract manufacturer of food and nutritional supplements in a bid to strengthen its global manufacturing capabilities.
Go deeper with GlobalData
The company will produce products in this facility for shipment throughout North America and several of its international markets. The facility will also enable Herbalife to enhance its global product development and supply chain to better serve its independent distributors.
Herbalife said it will invest in equipment and overall enhancements to the plant to increase capacity and capability over the next 12 months. All 72 full-time and 20 part-time staff will be offered the opportunity to become part of Herbalife upon closing, which is anticipated in the next 60 days.
“Since 2003, we’ve increased our R&D expenditures in order to provide our Herbalife independent distributors and their customers with the best science-based nutrition products,” said Michael Johnson, chairman and CEO.
“The next strategic step is to become more vertical in the development and manufacturing of our products which will allow us to accelerate new products to market, be more flexible to meet the unique needs of our distributors around the world and enable us to ensure our quality standards are maintained along each step of the manufacturing process, from raw ingredients to finished products in accordance with regulatory requirements.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
