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Alticor Obtains Ownership in Metagenics

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By: Sean Moloughney

Editor, Nutraceuticals World

Two global leaders in nutritional products, Metagenics, San Clemente, CA, and Alticor, Ada, MI, have entered into a joint venture agreement whereby Alticor will obtain a substantial ownership interest in Metagenics, which will continue to operate as a standalone entity. Current Metagenics shareholders will retain a significant interest in the company under terms of the agreement. The deal is subject to customary closing conditions, including approval by Metagenics’ shareholders and antitrust clearance. Detailed terms of the agreement were not disclosed. According to Jim Weaver, vice president, Alticor Corporate Enterprises, “Alticor and Metagenics share a philosophy for promoting good nutrition, healthy living and natural science. Each company boasts a deep commitment to science and nature with leading research and development teams dedicated to harnessing the power of plant-based, natural, scientific research. This joint venture fits into our strategy to bring complementary brands into our family of businesses.”

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