SALT LAKE CITY,
Jun 05, 2007 (BUSINESS WIRE) — USANA Health Sciences, Inc. (USNA)
announced today that, consistent with its long-term objectives, the
Company has signed a letter of intent to sell certain assets and
inventory associated with the third-party contract manufacturing
business at its Draper, Utah, facility. The terms of this transaction
were not disclosed, however it is anticipated that the sale of this
business will be effective sometime during the third quarter of 2007.
Revenues from this business segment totaled $1.95 million in the first
quarter of 2007.
The Company will
retain the assets associated with manufacturing and packaging its Sense
skin and beauty care products and will continue to manufacture these
products at its current facility in Draper, Utah.
David A. Wentz,
USANA’s President said, "The long-term focus of USANA continues to be
manufacturing and distributing our high-quality health and beauty
products. The sale of our third-party contract manufacturing business
will allow us to focus 100% of our efforts on growing and expanding our
direct selling business."
About USANA
USANA
develops and manufactures high-quality nutritional, personal-care, and
weight management products that are sold directly to Preferred
Customers and Associates throughout the United States, Canada,
Australia, New Zealand, Hong Kong, Japan, Taiwan, South Korea,
Singapore, Malaysia, Mexico, the Netherlands and the United Kingdom.
More information on USANA can be found at http://www.usanahealthsciences.com.
