01.16.12
Blyth, Inc. , a direct selling and direct marketing company focused on home fragrance, home decor and products that support healthy living, has completed the third closing of a four-phase acquisition of ViSalus Sciences.ViSalus delivers cutting-edge products, including weight management products, nutritional supplements and energy drink mixes, via the Body by Vi 90 Day Challenge.
More info: www.blyth.com
As part of the closing, Blyth issued a total of approximately 340,000 restricted shares of Blyth common stock to ViSalus' co-founders, Ryan Blair, Blake Mallen and Nick Sarnicola, who will continue in their current roles.The founders' investment in Blyth collectively makes them the largest inside shareholder after the Goergen family.
More info: www.blyth.com