August 2007

Scrip buys New Life Systems

Scrip Companies recently acquired New Life Systems, a manufacturer and catalog distributor of massage and spa products, to bolster its presence in the spa and wellness market. Terms of the deal, which was made Aug. 17, were not disclosed.

New Life Systems and its sister company, Lotus Touch, are a consumer and business-to-business hybrid. They target massage therapists, aromatherapists, and their clients.

According to Kray Kibler, Scrip Companies’ chief financial officer, the New Life acquisition breathes new life in its existing spa businesses, Day Spa Warehouse and Scrip Spa Supply. Both spa businesses market via catalog and via Internet, said Kibler.

In addition to the spa divisions, Scrip Companies provides chiropractic supplies and equipment through Hessco, a business it acquired in July, and through its Massage Warehouse division. The spa and chiropractic business also sells via a catalog and via the Internet.

Source: MULTICHANNEL MERCHANT, http://multichannelmerchant.com

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