Founded on November 4, 1993, in Coppell, Texas by Samuel Caster, Mannatech, Inc. is a publicly traded multi-level marketing (MLM) company headquartered in Flower Mound, Texas. The company's core mission is to develop and sell proprietary nutritional supplements and personal care products through a network of independent distributors. Mannatech's flagship product line includes the Ambrotose complex, made from naturally occurring sugars, which is marketed for its health benefits. The company operates in various international markets including the United States, Canada, and Australia.
Key figures associated with Mannatech include CEO and President Alfredo Bala and Chairman J. Stanley Fredrick. The company is listed on the NASDAQ under the ticker MTEX. Despite facing financial challenges, such as a net income loss in 2017, Mannatech has made significant strides in the dietary supplement industry. Their products are validated by third-party clinical studies, contributing to their credibility and market presence. Mannatech's impact is reflected in its global reach and the continued loyalty of its independent distributor network.
