Nature’s Sunshine Addresses Spanish Fork Manufacturing Facility Incident
Rhea-AI Summary
Nature's Sunshine Products, Inc. (Nasdaq: NATR) reported an equipment malfunction at their Spanish Fork, Utah manufacturing facility on August 26, 2024. The incident led to a small fire and facility evacuation. All personnel are safe, with two individuals examined by EMTs and released. The company is investigating the cause and assessing damage.
CEO Terrence Moorehead expressed gratitude for the safety of the team and the efforts of local first responders. A portion of the facility will be temporarily closed for repairs, while normal operations continue in unaffected areas. Nature's Sunshine emphasizes its commitment to maintaining high standards of excellence and prioritizing the wellbeing of its people and community.
Positive
- All personnel are safe and accounted for
- Normal operations continue in unaffected areas of the facility
Negative
- Equipment malfunction and small fire at Spanish Fork manufacturing facility
- Temporary closure of a portion of the facility for repairs
- Potential production disruption and associated costs
News Market Reaction
On the day this news was published, NATR declined 1.26%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LEHI, Utah, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Nature’s Sunshine Products, Inc. (Nasdaq: NATR), a leading manufacturer of high-quality herbal and nutritional supplements, announced that an equipment malfunction occurred at their Spanish Fork, Utah manufacturing facility early yesterday morning.
The facility was evacuated and local emergency services were called to the scene to help manage the incident. All personnel are safe and accounted for, and two individuals were seen by EMTs and released to leave the facility. The company is working to determine the cause of the malfunction, which resulted in a small fire, and to assess the extent of the damage to the facility.
“We are extremely thankful for the safety of our team and the efforts of local first responders,” says Terrence Moorehead, Chief Executive Officer of Nature’s Sunshine. “The wellbeing of our people and our community is our top priority, and we pride ourselves on having one of the best manufacturing teams in the industry. We remain committed to maintaining a high standard of excellence in everything we do.”
A portion of the facility will temporarily be closed for repairs while normal operations continue in unaffected areas.
About Nature’s Sunshine
Nature’s Sunshine Products (Nasdaq: NATR), a leading natural health and wellness company, markets and distributes nutritional and personal care products in more than 40 countries. Nature’s Sunshine manufactures most of its products through its own state-of-the-art facilities to ensure its products continue to set the standard for the highest quality, safety and efficacy on the market today. Additional information about the company can be obtained at its website, www.naturessunshine.com.
Investor Relations:
Gateway Group, Inc.
Cody Slach
1-949-574-3860
NATR@gateway-grp.com
FAQ
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