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Youngevity plans to acquire BeneYOU assets

Youngevity International Inc. on Oct. 10 said it signed a nonbinding letter of intent to buy certain assets of beauty products manufacturer BeneYOU LLC.

The two companies plan to execute a definitive purchase agreement in the coming weeks.

The health supplements company said the deal is expected to close by the end of October.

"Given the size of the integration and the amount of communication that will take place between both companies we felt that disclosing where we are in the acquisition process was prudent," Youngevity President and CFO Dave Briskie said in a statement.

Financial terms of the potential transaction were not disclosed.