PROVO, Utah, Jan.26, 2021 / PRNewswire / – Nu Skin Enterprises, Inc. (NYSE: NUS) today announced the acquisition of 3i Solutions, an innovative company that develops and manufactures ingredients for the consumer markets through exclusive encapsulation technologies. We believe these technologies will enable Nu Skin to create new product forms and increase the beauty and wellness performance of its formulations by leveraging 3i’s proprietary research and processes.
“3i Solutions has one of the industry’s broadest experience and knowledge of encapsulating ingredients for the cosmetic and nutritional supplement markets,” said Ritch Wood, CEO. “Our sales force and consumers will benefit from an expansion of our product innovation, such as better absorption of nutritional ingredients, innovative ingredient delivery methods, controlled release of active ingredients and new formats of delivery to meet a variety of customer needs. “
With nearly three decades of experience, 3i Solutions identifies, develops and delivers unique solutions to the challenges of nutritional products. The company’s approach involves ease of inclusion in water-based formulations through proprietary encapsulation technology that improves absorption of nutritional ingredients, extends shelf life, and more.
“We are thrilled to be part of a larger organization that shares the same values as 3i Solutions,” said Charles Brain, President and CEO of 3i Solutions. “Together, we plan to accelerate our innovation and deliver more solutions to our customers while tightly integrating our technologies with Nu Skin to enhance its already world-class product offerings.”
About 3i Solutions Founded in 1997, 3i Solutions, based in Wooster, Ohio, is an innovative ingredient manufacturing company. The company specializes in the manufacture of oil soluble and water dispersible materials for the cosmetic, food and nutrition industries. 3i Solutions employs an in-house research and development team to meet customer requirements and develop new ingredients for their products. For more information, please visit: www.3isolutions.com.
About Nu Skin Enterprises, Inc. Founded over 35 years ago, Nu Skin Enterprises, Inc. (NSE) empowers innovative companies to change the world with sustainable solutions, opportunities, technologies and values that improve life. The company is currently focused on innovative consumer products, product manufacturing and environmentally controlled agricultural technology. The NSE family of companies includes Nu Skin, which develops and distributes a full line of premium beauty and wellness solutions through a global network of sales leaders in Asia, the Americas, Europe, Africa and in the Pacific; and Rhyz, our strategic investment arm that includes a collection of sustainable manufacturing and technology innovation companies. Nu Skin Enterprises is listed on the New York Stock Exchange under the symbol “NUS”. More information is available at nuskinenterprises.com.
Important Information Regarding Forward-Looking Statements: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements of management’s expectations regarding product development and the benefits to the company’s sales force and consumers; statements of belief; and statements of assumptions underlying all of the above. In some cases, you may identify these statements by forward-looking words such as …
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