New Image acquires Nutrimetics from Tupperware Brands
Auckland, New Zealand–(BUSINESS WIRE)–New Image Group has acquired skincare and cosmetics brand Nutrimetics from Tupperware Brands Corporation (NYSE:TUP) for an undisclosed amount.
Nutrimetics fits naturally into New Image’s portfolio of health and nutrition products, says Graeme Clegg, Founder and Chairman of Private Group New Image.
“Nutrimetics is such an iconic brand with a proud 54-year history that has seen generations of women and men benefit from its incredible skincare and income opportunity. Looking ahead, as part of New Image Group, it will be available to many more people around the world thanks to our independent consultants.
New Image Group has two subsidiaries – New Image International, which covers the global direct-to-consumer retail channel, and NIG Nutritionals, which handles all manufacturing and packaging in New Zealand for New Image International and its other customers serving national and international sales channels. .
Rod Taylor, CEO of New Image International, said that Tupperware decided to divest its beauty business units, he and others formerly associated with Nutrimetics saw an opportunity for New Image Group.
“After carrying out a thorough due diligence, we were delighted that our offer for the entire company was accepted,” says Mr. Taylor. “A recent Nutrimetics conference on Australia’s Gold Coast confirmed that our enthusiasm is well founded.
“We intend to bring new business systems to Nutrimetics and increase sales and marketing support for our Independent Consultants and increase revenue.”
The acquisition includes Nutrimetics Australia, Nutrimetics International New Zealand, Nutrimetics Manufacturing and Nutrimetics France.
About Us: New Image Group is a leading manufacturer and exporter of wellness and nutritional products based in New Zealand since 1984, with a world renowned reputation for colostrum and infant formula. New Image International was recently independently ranked 30th out of the top 100 global direct selling companies. It has an integrated supply chain with dedicated farms and purpose-built spraying and packaging facilities in New Zealand. He has consultants in Taiwan, the Philippines, Indonesia, Thailand, Malaysia, Vietnam, Singapore and South Africa.
The Group comprises two sister companies – New Image International and NIG Nutritionals – which cover traditional direct-to-consumer and wholesale channels separately. New Image International is a member of the World Federation of Direct Selling Associations. Code of ethics