December 04, 2017
Youngevity Completes Acquisition of Future Global Vision
Chula Vista, California-based Youngevity International, Inc. an omni-direct lifestyle company, recently announced it has closed the acquisition of the assets of Future Global Vision.
Future Global Vision was formed in March 2013 by Raul Serrano and his team to help people achieve health and personal growth. They have a strong presence in Mexico and are expected to be helpful in Youngevity’s future expansion into Latin America. Along with a hydrogen-based nutraceutical product, Future Global Vision brings a new product vertical to Youngevity with its fuel additive product line. The EF products are designed to improve fuel efficiency and power in engines for personal vehicles, large trucks and boats.
“We are very pleased to have completed the acquisition of Future Global Vision,” said Steve Wallach, Chairman and CEO of Youngevity. “This new member of the Youngevity family of brands brings attributes intended to complement the Youngevity opportunity. With distributors in several Spanish-speaking countries and a market appropriate line of fuel additives, this integration should strengthen our position in Latin America.”
“With the closing of this transaction, Youngevity continues our targeted expansion efforts focused on fortifying our position in various, already opened or planned to open, international markets,” said Dave Briskie, President and CFO of Youngevity. “The Future Global leaders are eager to seek to expand their reach by leveraging our platform, which features a wide range of products and new markets in which they can now capitalize.”
Raul Serrano, Future Global Vision President and Founder added, “From the moment I met with Steve Wallach and the team at Youngevity, I felt like I found a home for my company. We share a culture of generosity and professionalism that makes this merger an easy fit for us. Our organization is excited to take advantage and become a part of the unique omni-direct platform that Youngevity is building around the world.”