Zinzino AB (publ) signs letter of intent to acquire Zurvita Inc. to expand distribution power in North America
Acquiring Company
Zinzino
Acquired Company
Zurvita
Västra Frölunda
IrvingBiotechnologyHealth CareDietary SupplementsNutritionHealth CareDescription
Zinzino AB (publ) has signed a letter of intent with the shareholders of Zurvita Inc. to acquire 100% of the shares in the company. This acquisition is a strategically important step in Zinzino's growth plans focused on improving personal health and wellness on a global scale with innovative biotechnology and a groundbreaking product portfolio marketed through direct sales. The collaboration is expected to add growth through synergies, and the profitability of Zurvita Inc. is expected to develop well by utilizing Zinzino's existing technical platform and organization.
Quick answer
Zinzino is acquiring Zurvita, announced June 17, 2024. Zinzino is based in Västra Frölunda, Västra Götaland County, Sweden.
- How much did Zinzino pay for Zurvita?
- The deal value was not disclosed.
- What does Zinzino do?
- Zinzino is a Scandinavian pioneer in test-based, personalized nutrition, dedicated to restoring balance to the world — one person at a time.
- Where are Zinzino and Zurvita based?
- Zinzino is based in Västra Frölunda, Västra Götaland County, Sweden. Zurvita is based in Irving, Texas, United States.
- Who are the decision-makers at Zinzino?
- Fundz holds 2 contacts at Zinzino. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Zurvita?
Zurvita was acquired by Zinzino, based in Västra Frölunda. The deal was reported on June 17, 2024. Zinzino is a Scandinavian pioneer in test-based, personalized nutrition, dedicated to restoring balance to the world — one person at a time. Zinzino is privately held and operates in Biotechnology.
When did Zinzino acquire Zurvita?
Zinzino's acquisition of Zurvita was reported on June 17, 2024. Zinzino AB (publ) has signed a letter of intent with the shareholders of Zurvita Inc. to acquire 100% of the shares in the company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Zurvita do?
Zurvita Inc. is a direct selling health company with operations in the United States, Canada, and Mexico. It offers a range of innovative health and wellness products and has total annual sales of approximately USD 30 million with good gross margins. It is privately held, operating in Health Care, and is based in Irving.
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