USANA to Sell Third Party Contract
USANA Health Sciences, Inc. (NASDAQ: USNA) has signed a letter of intent to sell certain assets and inventory associated with the third-party contract manufacturing business at its Draper, Utah, facility. The terms of this transaction were not disclosed, however it is anticipated that the sale of this business will be effective sometime during the third quarter of 2007. Revenues from this business segment totaled $1.95 million in the first quarter of 2007.
The Company will retain the assets associated with manufacturing and packaging its Sense skin and beauty care products and will continue to manufacture these products at its current facility in Draper, Utah.
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