Herbalife to Form Joint Venture with China’s Tasly

Herbalife Ltd. (Los Angeles, Calif.) has reached an agreement in principle to form a joint venture with Tasly Holding Group (Tianjin, China), described as a pioneer in the modernization of Traditional Chinese Medicine (TCM).

The joint venture would develop and commercialize products based on Tasly’s portfolio of proprietary formulations, patents, and clinical studies. The proposed joint venture furthers the Herbalife Nutrition plan to expand its product range globally. “The Herbalife Nutrition seed to feed philosophy ensures the quality and traceability of our ingredients from cultivation to the final delivery of products to customers, and Tasly has patents, clinical research, and traceability of key ingredients, making this a natural partnership,” said Michael O. Johnson, Herbalife chairman and CEO.