Products Dietary supplements Founded 1972 | Traded as NASDAQ: NATR Area served Worldwide | |
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Key people Gregory L. Probert (Chairman and Chief Executive Officer)Steve Bunker (Executive Vice President, Chief Financial Officer and Treasurer) Stock price NATR (NASDAQ) US$ 9.35 -0.20 (-2.15%)22 Mar, 3:07 PM GMT-4 - Disclaimer CEO Gregory L. Probert (1 Oct 2013–) Subsidiaries Synergy Worldwide Inc Founders Gene Hughes, Kristine Hughes Profiles | ||
Nature's Sunshine Products, Incorporated (NASDAQ: NATR), also known as "NSP", is a manufacturer and multi-level marketer of dietary supplements, including herbs, vitamins, minerals, and personal care products. It is based in Lehi, Utah, with a manufacturing facility in Spanish Fork, Utah.
Contents
- Why nature s sunshine products english
- History
- Products and manufacturing
- SEC bribery lawsuit
- References
Why nature s sunshine products english
History
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 bribery lawsuit
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."