Jan. 5, 2021 /PRNewswire/
-- Betterware de México S.A.B. de C.V. ("Betterware") (NASDAQ:
BWMX), the leading direct-to-consumer company in Mexico that focuses on the home organization
and solutions segment with a two-tier distribution model, today
announced that on December 16, 2020,
Promotora Forteza, S.A. de C.V. ("Forteza"), an investment vehicle
with no other assets, liabilities or investments, merged with the
Company. This merger was agreed to between Forteza and
Betterware to comply with the Mexican Banking and Securities
Commission's (CNBV) request. As a result of the merger, the
12,033,786 shares that Forteza was titleholder to on December 16, 2020 were distributed to the
individual investors of Forteza, who now hold an equal number of
Betterware shares. This merger did not affect Betterware's
operations or value.
Forteza, which was comprised of 17 individual investors, held
shares in Betterware common stock since 2018. These
shareholders of Forteza received the same number of shares
(12,033,786) representing Betterware's capital stock that Forteza
was titleholder on December 16th,
2020. Currently, the individual investors can directly
participate in Betterware´s capital stock.
Luis Campos, Betterware Chairman
stated: "We are pleased to welcome the individual investors in
Forteza as shareholders in Betterware. These former
shareholders of Forteza are long term investors who strongly
believe in Betterware´s growth prospect, dividend income and
About Betterware de Mexico S.A.B. de C.V.
1995, Betterware de Mexico is a
leading direct-to-consumer selling company in Mexico, whose CAGR 2003-2019 was 20%. Focused
on the home organization and solutions segment, Betterware's wide
product portfolio includes home organization, kitchen preparation,
food containers, smart furniture, technology and mobility, as well
as other minor categories.
Supported by its top-class business intelligence and data
analytics units, which provides daily monitoring of key metrics and
product intelligence, Betterware has been able to achieve
sustainable double-digit growth rates by successfully expanding its
market penetration driven by its almost 59,000 distributors and 1.2
million associates network.
Its state-of-the-art infrastructure allows it to safely and
timely deliver its products to every part of the country, backed by
the strategic location of its distribution center.
release includes certain statements
that are not historical facts
but are forward-looking statements for
purposes of the safe harbor
provisions under the United States
Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally are accompanied by words such
as "believe," "may," "will", "estimate",
"continue", "anticipate", "intend",
"expect", "should", "would", "plan", "predict",
"potential", "seem", "seek," "future," "outlook", and similar
expressions that predict or indicate future
events or trends or that are
not statements of historical matters.
The reader should understand that the results obtained may differ
from the projections contained in this document, as past results in
no way offer any guarantee of future performance. For this reason,
the Company assumes no responsibility for any
indirect factors or elements beyond
its control that might occur
inside Mexico or abroad and which might affect
the outcome of these projections
SOURCE Betterware de México, S.A.B. de C.V.