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MLM Neways Sold to Herbalife Owners

Days before they begin serving prison terms for tax evasion, Thomas and Leslie Mower have sold Neways International to the San Francisco-based owner of Herbalife.

Golden Gate Capital did not disclose the financial details behind its acquisition of Springville-based Neways. But the private equity firm paid $685 million for Herbalife in 2002.

The Mowers said in a statement that selling the dietary supplement and personal care company they founded in 1992 was "one of the hardest decisions of our lives."

Salt Lake Tribune - Neways sold to owner of Herbalife

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