Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 344

Joint venture, for access to financial resources

Posted by fidest press agency su giovedì, 13 agosto 2009

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. Alticor and Metagenics each have a long history of dedication to health, wellness and the application of advanced science and technology. 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 & Emeryprovided legal counsel. Alticor (www.alticor.com) 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 US$8.2 billion.
Metagenics (www.metagenics.com) 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.

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