Herbalife Closes Acquisition Of Manufacturing Facility
The purchase of this facility further expands Herbalife's global manufacturing capacity and is in line with the company's stated strategy to increase self-manufacturing for its top products.
Over the next two years, Herbalife expects to invest in excess of $100 million on machinery & technology, as well as a complete retro-fitting of the existing facility to ensure it is in full compliance with U.S. Good Manufacturing Practices (cGMPs) for dietary supplements and food products.
Herbalife expects to begin production in this facility as early as June 2014 and estimates that approximately 500 new jobs will be created by the time it reaches full operations.
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