PROVO, Utah, Jan. 26, 2021 /PRNewswire/ -- Nu Skin Enterprises, Inc. (NYSE: NUS) today announced the acquisition of 3i Solutions, an innovative company that develops and manufactures ingredients for consumer markets through proprietary encapsulation technologies. We believe these technologies will enable Nu Skin to create new product forms and increase the performance of its formulations in beauty and wellness by leveraging 3i's proprietary research and processes.
"3i Solutions has some of the deepest experience and knowledge in the industry of encapsulating ingredients for the cosmetic and nutritional supplement markets," said Ritch Wood, CEO. "Our sales force and consumers will benefit from an expansion of our product innovation such as improved absorption of nutritional ingredients, innovative ingredient delivery methods, controlled release of active ingredients and new delivery formats to meet a variety of customer needs."
With nearly three decades of experience, 3i Solutions identifies, develops and provides unique solutions to nutrition product challenges. The company's approach involves ease of inclusion into water-based formulations through proprietary encapsulation technology that improves absorption of nutritional ingredients, extends shelf-life, and more.
"We're excited to be part of a larger organization that shares the same values as 3i Solutions," said Charles Brain, president and CEO of 3i Solutions. "Together, we plan to accelerate our innovation and offer more solutions to our customers while also closely integrating our technologies with Nu Skin to enhance its already world-class product offerings."
About 3i Solutions
Founded in 1997, Wooster, Ohio-based 3i Solutions is an innovative ingredient manufacturing company. The company specializes in manufacturing oil-soluble material that is water-dispersible for cosmetics, food and nutritional industries. 3i Solutions employs an in-house research and development team to meet customer requirements and develop new ingredients for their products. For more information, please visit: www.3isolutions.com.
About Nu Skin Enterprises, Inc.
Founded more than 35 years ago, Nu Skin Enterprises, Inc. (NSE) empowers innovative companies to change the world with sustainable solutions, opportunities, technologies and life-improving values. The company currently focuses its efforts around innovative consumer products, product manufacturing and controlled environment agriculture technology. The NSE family of companies includes Nu Skin, which develops and distributes a comprehensive line of premium-quality beauty and wellness solutions through a global network of sales leaders in Asia, the Americas, Europe, Africa and the Pacific; and Rhyz, our strategic investment arm that includes a collection of sustainable manufacturing and technology innovation companies. Nu Skin Enterprises is traded on the New York Stock Exchange under the symbol "NUS." More information is available at nuskinenterprises.com.
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