Blyth, Inc. (BTH) said Monday that it has completed the third closing of a four-phase acquisition of ViSalus Sciences.
ViSalus delivers cutting-edge products, including weight management products, nutritional supplements and energy drink mixes, via the Body by Vi 90 Day Challenge.
As part of the closing, Blyth issued a total of about 340,000 restricted shares of Blyth common stock to ViSalus' co-founders, Ryan Blair, Blake Mallen and Nick Sarnicola, who will continue in their current roles. The Founders' investment in Blyth collectively makes them the largest inside shareholder after the Goergen family.
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