Iovate / MuscleTech SOLD to Xiwang Food of China



  • From Priceplow Blog:

    https://blog.priceplow.com/industry-news/iovate-muscletech-sold-china

    Iovate / MuscleTech SOLD to Xiwang Food of China
    The rumors floating around the past few weeks were true: MuscleTech parent company Iovate Health Sciences has been sold to Xiwang Food, a Chinese foodstuffs company.

    This is not a full sale of the company, but an agreement was made for the Chinese firm to take a majority stake “investment”.

    Key bullet points in the Iovate sale
    -North American headquarters will remain in Oakville, Canada.
    -All executives, senior leaders, and 330 existing employees are to remain in place
    -Iovate’s CEO will maintain a significant ownership stake in Iovate, and will remain CEO

    Press Release:
    http://www.iovate.com/news/press-releases/iovate-announces-strategic-investment-by-xiwang/

    Team ScoobyPrep
    Scivation/Primaforce Online Represenative


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