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Under the agreement the purchase price of 25m shares in NuEarth will be distributed directly to the shareholders of Anviron Holding Company as a stock dividend based on the voting rights of shareholders as of 14 September 2009.
Under the terms of the deal NuEarth Corporation will have the exclusive US, Canada and Caribbean Islands distribution and sales rights to the entire Anviron product lines.
Steve Young, Anviron's CEO and acting CEO for NuEarth Corporation, said that this reorganisation will allow Anviron to focus on its core international business, while allowing NuEarth Corporation to focus on building a North American market for its products.
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