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.”
