Zinzino Completes 9.4 Million Dollar Purchase of Bankrupt Zurvita's Assets

GOTHENBURG, Sweden, February 14, 2025 --

Zinzino said it finalized an agreement to acquire the assets of Zurvita, a U.S. direct-selling health and wellness company, after acting as debtor-in-possession lender in Zurvita's Chapter 11 case. Its offer was accepted as part of a debt-settled purchase following the restructuring.

Zinzino will pay a fixed price of 9.4 million dollars, including the 4.5 million dollars of DIP financing it provided, with 2.5 million dollars settled in newly issued Zinzino shares and the cash portion funded from existing reserves. Earn-out payments tied to sales from 2025 to 2029 could add up to 1.9 million dollars, also payable in new shares.

Zurvita operates in the United States, Canada and Mexico with annual sales of about 30 million dollars. Zinzino gains its distribution network, inventory and intellectual property and said it expects synergies from combining Zurvita with its test-based nutrition model and technology platform.