Nature's Sunshine Products
 | |
| Public | |
| Traded as | NASDAQ: NATR |
| Industry | multi-level marketing |
| Founded | 1972 |
| Founder |
Gene Hughes Kristine Hughes |
| Headquarters | Lehi, Utah (United States |
Area served | Worldwide |
Key people |
Gregory L. Probert (Chairman and Chief Executive Officer) |
| Products | Dietary supplements |
| Revenue | US$ 324.705 million (2015) [1] |
| US$ 13.872 million (2015) [1] | |
| US$ 13.656 million (2015) [1] | |
Number of employees | 901 (2015) [1] |
| Website |
www |
Nature's Sunshine Products, Incorporated (NASDAQ: NATR), also known as "NSP", is a manufacturer and multi-level marketer of encapsulated natural health supplements, including herbs, vitamins, minerals, Chinese, Ayurvedic and homeopathic remedies, cookware, natural personal care and cleaning products, etc. It is based in Lehi, Utah, with a manufacturing facility in Spanish Fork, Utah.
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 charges settled
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."[2][3]
Old Logo
References
- 1 2 3 4 "Annual Report of the company for 2015" (PDF).
- ↑ Grace Leong. Nature's Sunshine pays $600K to settle bribery charges. Daily Herald, August 1, 2009
- ↑ Harvey, Tom (July 31, 2009). "SEC fines Nature's Sunshine for bribing Brazilian officials". The Salt Lake Tribune.