Neora Acquires ACN Korea in Asia Pacific Expansion

Direct selling company Neora, LLC has acquired ACN Korea, the South Korean business of ACN, as part of a push to expand across the Asia Pacific region.

Following the deal, both businesses will operate under the Neora brand and will work together to build a platform for direct sales growth in Asia Pacific. ACN Korea is described as a top 20 company in its sector in Korea. Financial terms were not disclosed.

"Coming together, we are set to unleash an unparalleled synergy, combining our unique strengths to foster growth and opportunities, not only across Korea but throughout Asia," said Robert Stevanovski, ACN chairman and co-founder. He said the companies' relationship spanned more than two decades and called the transaction "a fusion of visions" for employees, independent salespeople and other stakeholders.

Neora founder and Chief Executive Jeff Olson welcomed ACN Korea to the company and said the two shared a commitment to "Making People Better." Olson said Neora would host an event on February 17, 2024 to introduce the combined organization in Korea.

ACN, based in Concord, North Carolina, sells telecommunications, energy and other essential services through independent business owners.