Whole Living Inc. to acquire the rest of ForeverGreen

PROVO — Whole Living Inc. said Tuesday it has entered into a letter of intent to acquire the remaining 77 percent of ForeverGreen International LLC.

Whole Living acquired a 23 percent interest in the company during the first quarter. The agreement calls for a stock-for-stock transaction in which Whole Living will exchange more than 4.2 million restricted shares for the remaining 77 percent of ForeverGreen.

The acquisition is expected to close by year-end.

During the first nine months of the year, ForeverGreen had revenues of more than $14 million. Whole Living said it has worked with ForeverGreen to streamline operations and reduce overhead and that the transaction will result in further cost savings and increased profitability.