Mannatech expands in Europe

by louabbott on July 24, 2009

Daily Business Journal – Published July 24, 2009

Coppell-based Mannatech Inc., a developer of health, weight and fitness, and skin care solutions, plans to expand its European presence by offering its products in Austria, the Netherlands, Norway and Sweden in September.

Currently, Mannatech (Nasdaq: MTEX) products are available in the following European countries: Denmark, Germany and the United Kingdom.

An expanded European footprint will allow Mannatech to offer its products on the direct selling market for these additional countries, which is estimated to be about $8.2 billion by the end of this year. Mannatech sells its products through a direct selling model in which independent sales associates sell products to customers. Mannatech expects to grow as it extends its sales to the combined population of 37 million in these four regions, the company said.

“It is very rewarding to be able to extend our presence in four additional countries and offer opportunities in an area primed for direct selling growth, especially during these uncertain economic times,” said Wayne Badovinus, president and CEO of Mannatech. “We look forward to additional growth and increasing our global footprint in the months and years to come.”

Read the entire article at the Dallas Business Journal

Also, read our company overview:  Mannatech Facts, News and Review

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