Business
Natural Alternatives International, Inc. Announces Extension to Its Multi-Year Exclusive Manufacturing Agreement with The Juice Plus+® Company
CARLSBAD, Calif., April 4, 2019 /PRNewswire/ -- Natural Alternatives International, Inc. ("NAI") (NASDAQ:NAII), a leading formulator, manufacturer and
About this update from Natural Alternatives International, Inc.
[{"type":"text","content":"\n CARLSBAD, Calif., April 4, 2019 /PRNewswire/ -- Natural Alternatives International, Inc. (\"NAI\") (NASDAQ:NAII), a leading formulator, manufacturer and marketer of customized nutritional supplements, is proud to announce that it has further extended its partnership with The Juice Plus+ Company (\"Juice Plus+\"), a globally recognized leader in whole-food based nutritional products focused on people's health and well-being, through the execution of an amendment to and a three year extension of its multi-year Exclusive Manufacturing Agreement covering Juice Plus+ capsule and powder products sold in over 24 markets around the world.\nThe effective date of the Amended and Restated Exclusive Manufacturing Agreement is March 31, 2019. As part of the extension, Juice Plus+ will receive a cash based discount during the remaining term of the original agreement, and subject to minimum annual purchases by Juice Plus+ an additional cash based discount during the extended period of the agreement.\nMark A. LeDoux, NAI's CEO and Chairman of the Board, said, \"Extending our quarter of a century partnership makes abundant sense given our continued emphasis on producing the highest quality nutritional products backed by an impressive body of scientific research. Both parties continue to invest in ongoing efforts to reinforce the health-promoting properties of the JuicePlus+ family of products. This strategic extension of our supply agreement provides economic incentives to both parties to redouble those efforts.\"\nPaulo L. Teixeira, Juice Plus+ CEO, said, \"We are very pleased with our commercial relationship with NAI. Their commitment to quality, innovation and our global expansion plan has been impressive and consistent, and this contract extension recognizes the value of continuing these mutual efforts, and we are confident that this extension will be mutually beneficial.\" \nNAI, headquartered in Carlsbad, California, is a leading formulator, manufacturer and marketer of nutritional supplements and provides strategic partnering services to its customers. NAI's comprehensive partnership approach offers a wide range of innovative nutritional products and services to NAI's clients including: scientific research, clinical studies, proprietary ingredients, customer-specific nutritional product formulation, product testing and evaluation, mark...