Blyth Increases Stake in ViSalus

The new agreement between Blyth and the other members of ViSalus provides for a series of transactions, detailed below, that achieve the mutually-shared objectives of providing ViSalus’ founders and its management team the opportunity to participate in ViSalus’ future results through their ongoing ownership and participation in a new management incentive plan. In addition, the new agreement should improve Blyth’s long-term liquidity by providing for a redemption of the ViSalus stock it does not own in December 2017. All of the members of ViSalus agreed to sell their interests in ViSalus ratably, allowing Blyth to achieve an ownership position in excess of 80%.

Commenting on the execution of this definitive agreement between Blyth and the other members of ViSalus, including all of the founders, Robert B. Goergen, chairman and CEO, Blyth said, “We are extremely pleased to have crafted an agreement that meets our objectives of providing the ViSalus founders and other members of their management team with an equity participation in ViSalus’ future results.Moreover, as a group, the ViSalus founders continue to be significant Blyth shareholders, strengthening further this alignment.I look forward to working with Ryan and his management team to grow the ViSalus business together, making ViSalus a worldwide household brand synonymous with ‘healthy lifestyle.'”