USANA Acquires Two Companies—Rise Bar & Oola
November 28 2022 - 4:05PM
Business Wire
USANA Health Sciences, Inc. (NYSE: USNA) today announced the
acquisition of two companies—Rise Bar and Oola.
These emerging companies share USANA’s health and wellness focus
while offering distinct channels or products. Rise Bar manufactures
and sells high-quality protein bars that are formulated to help
customers achieve their health goals through clean and simple
ingredients. Oola is an emerging direct selling company that offers
a personal development framework that helps individuals create a
life of balance, growth, and purpose.
Although Rise Bar and Oola will continue to operate and grow
independently, USANA plans to leverage the knowledge, experience,
and technology of these companies to advance USANA’s core business.
Likewise, USANA will utilize its assets and resources to facilitate
growth for Rise Bar and Oola.
“The acquisition of these emerging companies is part of USANA’s
long-term growth strategy,” said Kevin Guest, Chief Executive
Officer and Chairman of the Board. “We are committed to improving
the health and wellness of individuals around the world. While
USANA is a leader in many aspects, we recognize that we can
accelerate this effort and reach more individuals through strategic
acquisitions that align with our corporate values and mission.
“Both Rise Bar and Oola are innovators in the health and
wellness industry. We believe we can utilize this innovation to
expand our reach, product development, customer experience, and
operational results. Going forward, we will continue to pursue
accretive business development opportunities to advance our
long-term growth strategy.”
About Rise® Bar
Founded in 2010, Rise is a protein bar manufacturer based in
California that focuses on helping customers achieve their goals
through clean and simple ingredients. Rise products are sold
direct-to-consumer and through a small but growing number of
retailers. More information on Rise Bar can be found at
www.risebar.com.
About Oola
Oola is an emerging direct selling company offering a
step-by-step personal development framework that helps individuals
create a life of balance, growth, and purpose. Oola began as a book
series in 2012, growing over the past decade into a successful
coaching network and now a direct sales opportunity. More
information on Oola can be found at
www.oolalife.com.
About USANA
USANA develops and manufactures high-quality nutritional
supplements, functional foods and personal care products that are
sold directly to Associates and Preferred Customers throughout the
United States, Canada, Australia, New Zealand, Hong Kong, China,
Japan, Taiwan, South Korea, Singapore, Mexico, Malaysia, the
Philippines, the Netherlands, the United Kingdom, Thailand, France,
Belgium, Colombia, Indonesia, Germany, Spain, Romania, and Italy.
More information on USANA can be found at
www.usana.com.
Safe Harbor
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act. Our actual results could differ
materially from those projected in these forward-looking
statements, which involve a number of risks and uncertainties,
including: uncertainty related to the magnitude, scope and duration
of the impact of the COVID-19 pandemic (“COVID-19”) to our
business, operations and financial results; the further spread of,
and regulatory measures or voluntary actions that may be put in
place to limit the spread of, COVID-19 in the markets where we
operate, including restrictions on business operations, shelter at
home, or social distancing requirements; the potential for a
resurgence of COVID-19 spread in any of our markets in the future;
the impact of COVID-19 on the domestic and world economies,
including any negative impact on discretionary spending, consumer
demand, and consumer behavior in general; regulatory risk in China
in connection with the health products and direct selling business
models; regulatory risk in the United States in connection with the
direct selling business model; potential negative effects of
deteriorating foreign and/or trade relations between the United
States and China; potential negative effects from geopolitical
relations and conflicts, including the Russia-Ukraine conflict;
potential negative effects of material breaches of our information
technology systems to the extent we experience a material breach;
material failures of our information technology systems; global
economic conditions generally, including increasing inflationary
pressure around the world and any negative impact on our operating
costs, consumer demand and consumer behavior in general; reliance
upon our network of independent Associates; risk associated with
governmental regulation of our products, manufacturing and direct
selling business model; adverse publicity risks globally; risks
associated with our international expansion and operations; and
uncertainty relating to the fluctuation in U.S. and other
international currencies. The contents of this release should be
considered in conjunction with the risk factors, warnings, and
cautionary statements that are contained in our most recent filings
with the Securities and Exchange Commission. The forward-looking
statements in this press release set forth our beliefs as of the
date hereof. We do not undertake any obligation to update any
forward-looking statement after the date hereof or to conform such
statements to actual results or changes in the Company’s
expectations, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20221128005452/en/
Investor contact: Andrew Masuda Investor Relations (801)
954-7201 investor.relations@usanainc.com
Media contact: Dan Macuga Public Relations (801) 954-7280
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