The US network marketing company NewAge has now officially announced that the merger agreement for the takeover of ARIIX has been concluded. Details of the definitive agreement and merger plan are set out in the company's current report on Form 8-K, filed on November 16, 2020. The merger creates a new multi-million global player in the network marketing industry.
Commenting on the deal, Brent Willis, NewAge's Chief Executive Officer, said: “We are very excited to be able to fully bring these great companies together now that the merger is complete. Both the revenue and cost synergies of the combined organization will be reflected in our financial results immediately starting in the fourth quarter.
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