Herbalife Closes Acquisition of U.S. Manufacturing Facility in
Winston-Salem, North Carolina
LOS ANGELES -- January 4, 2013
Herbalife Ltd. (NYSE: HLF), a global nutrition company, announced today that
its agreement to purchase a manufacturing facility in Winston-Salem, North
Carolina, was completed on December 31, 2012.
The purchase of this facility further expands Herbalife’s global manufacturing
capacity and is in line with the company’s stated strategy to increase
self-manufacturing for its top products.
Over the next two years, Herbalife expects toinvest in excess of $100 million
on machinery & technology, as well as a complete retro-fitting of the existing
facility to ensure it is in full compliance with U.S. Good Manufacturing
Practices (cGMPs) for dietary supplements and food products.
Herbalife expects to begin production in this facility as early as June 2014
and estimates that approximately 500 new jobs will be created by the time it
reaches full operations.
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF) is a global nutrition company that sells
weight-management, nutrition, and personal care products intended to support a
healthy lifestyle. Herbalife products are sold in more than 80 countries to
and through a network of independent distributors. The company supports the
Herbalife Family Foundation and its Casa Herbalife program to help bring good
nutrition to children. Herbalife's website contains information about
Herbalife, including financial and other information for investors at
http://ir.Herbalife.com. The company encourages investors to visit its website
from time to time, as information is updated and new information is posted.
VP, Worldwide Corp. Comm.
VP, Investor Relations
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