Nature's Sunshine Products

Nature's Sunshine Products, Inc.
Public
Traded as NASDAQ: NATR
Industry multi-level marketing
Founded 1972
Founder Gene Hughes
Kristine Hughes
Headquarters Lehi, Utah (United States
Area served
 Worldwide
Key people

Gregory L. Probert (Chairman and Chief Executive Officer)

Steve Bunker (Executive Vice President, Chief Financial Officer and Treasurer)
Products Dietary supplements
Revenue US$ 324.705 million (2015) [1]
US$ 13.872 million (2015) [1]
US$ 13.656 million (2015) [1]
Number of employees
 901 (2015) [1]
Website www.naturessunshine.com

Nature's Sunshine Products, Incorporated (NASDAQ: NATR), also known as "NSP", is a manufacturer and multi-level marketer of encapsulated natural health supplements, including herbs, vitamins, minerals, Chinese, Ayurvedic and homeopathic remedies, cookware, natural personal care and cleaning products, etc. It is based in Lehi, Utah, with a manufacturing facility in Spanish Fork, Utah.

History

Hydrate Bentonite from Nature's Sunshine Products

Nature's Sunshine was founded in 1972 by the Hughes family, who started encapsulating capsicum in their home kitchen. The company employs a multi-level marketing business model in which their products are primarily sold to the consumer by independent distributors who receive commissions based on their own sales, as well as sign-up bonuses and commissions based upon the sales of any distributors they may have recruited.

The company is divided into various segments in the U.S., including a U.S. Sales division, a Spanish language division, and an International division which oversees the corporation's foreign subsidiaries.

NSP also owns Synergy Worldwide, a multi-level marketing company that also sells nutritional supplements. Products for both companies are manufactured in a production and research facility located in Spanish Fork, Utah.

Products and manufacturing

Nature's Sunshine manufacturing processes are compliant with NSF/ANSI standards.

SEC charges settled

On July 31, 2009, the company agreed to pay $600,000 in fines after being charged by the SEC with having bribed Brazilian officials with more than $1,000,000 in 2000 and 2001. This was done "so it could import unregistered nutritional products into the country, and then falsified its books to hide the payments."[2][3]

Old Logo

References

  1. 1 2 3 4 "Annual Report of the company for 2015" (PDF).
  2. ↑ Grace Leong. Nature's Sunshine pays $600K to settle bribery charges. Daily Herald, August 1, 2009
  3. ↑ Harvey, Tom (July 31, 2009). "SEC fines Nature's Sunshine for bribing Brazilian officials". The Salt Lake Tribune.

External links

This article is issued from Wikipedia - version of the 11/9/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.