19 January 2009

Univera Announces Acquisition of Multinational Brand Matol

Univera Announces Acquisition of Multinational Brand Matol
Univera, Inc., a Washington state-based pioneer in the development and distribution of scientifically-validated and vertically-integrated natural health products through a relationship marketing model (“MLM”), announced today that it has entered into a binding agreement to acquire specific assets and the distributor network of Canada-based Matol Botanical International Ltd. Matol, the oldest private MLM company in Canada, is a direct seller of health and diet nutritional supplements, with consumers in Canada, the United States and a number of overseas countries. Matol celebrates the 25th anniversary of its founding in 2009. Aligning the best of Matol and Univera for product integration and international expansion will provide new and exciting opportunities for the expanded Univera distributor network.

Stuart Ochiltree, Vice Chairman and CEO of ECONET, Inc., Univera’s parent company, stated, “During a time at which many companies are contracting, the ECONET and Univera have the strategic and financial resources to seek aggressive growth opportunities. The transaction represents the unification of two great companies with a longstanding history of solid product and business performance—coupled with a desire to be a part of the life changing vision that exists at Univera.”



Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home