Shaklee acquires Modere's business assets, including trademarks and patents, for wellness product expansion.

In a recent acquisition deal, Shaklee, a leading player in the nutrition supplement sector, has successfully obtained a significant portion of Modere's business operations via a subsidiary. The agreement encompasses Modere's ownership of trademarks, patents, and formulas for numerous products. This strategic move signifies Shaklee's commitment to expanding its market presence and diversifying its product portfolio. The deal is set to bolster Shaklee's standing in the industry, with potential positive impacts on revenue and customer base. This acquisition marks a considerable development in the nutrition supplement market, with the total value of the deal estimated to be in the range of millions of dollars.