American holding company for multi-level marketing business
Alticor, Inc.
Formerly
Ja-Ri Corporation (1959–1963)
Amway Corporation (1963–2000)
Alticor, Inc. (2000–present)[1]
Company type
Private
Industry
Holding company
Founded
1959
Founder
Richard DeVos Jay Van Andel
Headquarters
Ada, Michigan, U.S.
Area served
Worldwide
Key people
Steve Van Andel (chairman) Doug DeVos (president)[2]
Revenue
US$ 9.2 billion (2010)[3]
Owner
DeVos & Van Andel families
Number of employees
13,000[4]
Subsidiaries
Access Business Group
Alticor Corporate Enterprises
Amway
Amway Global
Website
www.alticor.com
Headquarters in Ada, Michigan
Alticor is a privately owned American corporation run by the DeVos and Van Andel families.[5] It was established in 1999 to serve as the parent company for a handful of business ventures, most notably the multi-level marketing company Amway and Amway Global, and a manufacturing and distribution company, Access Business Group.[6][7]
In 2006, Alticor purchased cosmetics maker Gurwitch Products from Neiman Marcus Group Inc. and operated it as a wholly owned subsidiary until Gurwitch was acquired by Shiseido in 2016.[8]
^"Alticor President, Doug DeVos". Alticor website. Archived from the original on 25 March 2008. Retrieved 2008-04-04.
^"Amway Parent Grows to $9.2 billion in 2010" (Press release). 17 February 2011. Retrieved 8 March 2011.
^"fact sheet". Alticor Website. Retrieved October 9, 2008.
^"DeVos, Meijer rank among richest ; Amway co-founder is 288th; supercenter founder is 605th". The Grand Rapids Press. 7 March 2008. p. C1.
^James Prichard (24 October 2000). "Amway reorganizes, now under new parent company, Alticor". Associated Press.
^"Amway reveals new corporate structure". Associated Press. 25 October 2000.
^Azevedo, Mary Ann (August 4, 2006). "Gurwitch Products gets ownership makeover". Houston Business Journal. American City Business Journals, Inc. Archived from the original on 26 February 2008. Retrieved 2008-04-04.
Alticor is a privately owned American corporation run by the DeVos and Van Andel families. It was established in 1999 to serve as the parent company for...
DeVos and is based in Ada, Michigan. Amway and its sister companies under Alticor reported sales of $8.9 billion in 2019. It is the largest multi-level marketing...
privately owned by the families of Richard DeVos and Jay Van Andel through Alticor which is the holding company for businesses including Amway, Amway Global...
products are currently manufactured by Access Business Group, a subsidiary of Alticor whose products are sold via Amway worldwide. The Nutrilite brand is known...
restructuring that created Alticor, the new parent company of predecessor Amway, as well as other subsidiary companies. In a 20-month span, Alticor cut over 1,300...
businessman, co-founder of Amway with Jay Van Andel (company restructured as Alticor in 2000), and owner of the Orlando Magic basketball team. In 2012, Forbes...
at that time, was acquired by and became a wholly owned subsidiary of Alticor. Laura mErcier 6 when it was sold.[clarification needed] In 2008, the company...
Phoenix, and the Michigan State University College of Human Medicine. Alticor (formerly Amway), Ada American Seating, Grand Rapids Baker Books, Grand...
multi-billionaire heir to the Amway fortune who ran Amway's parent company, Alticor, from 1993 to 2002. Dick DeVos is a major donor to conservative political...
hotel is owned by AHC+Hospitality, a subsidiary of Amway's holding company Alticor. Amway Grand Plaza Hotel is a member of the Curio Collection by Hilton...
Power Consortium was started by Fulton Innovation, a 100% subsidiary of Alticor, parent company of Amway. The original motivation was to power a portable...
Gurwitch Products LLC, which manufactures Laura Mercier cosmetics, to Alticor Inc., for approximately $40.8 million. In 2013, Neiman Marcus settled a...
election campaign, Mast's largest donors were Duty Free Americas and Amway/Alticor (run by the DeVos family). Between March and June 2018, Mast's campaign...
Michigan University Prominent West Michigan corporations include: Amway/Alticor/Quixtar, an Ada multi-level marketing company Bissell, a Walker vacuum...
States Secretary of Education Betsy DeVos and the brother-in-law of former Alticor (Amway) president Dick DeVos. Prince's first wife, Joan Nicole, died of...
Sciences Corporation Ally Financial Alpena Power Company Altair Engineering Alticor American Axle American Seating Amway Amway North America Arcadia Brewing...
partisanship, wealth, and tenure at Alticor. One of Granholm's most prominent lines of attack was the accusation that Alticor, under DeVos's tenure, outsourced...
energy transfer technology developed by Fulton Innovation, a division of Alticor. It provides wireless power transfer via inductive coupling between a primary...
White House Assistant for Economic Policy; Steve Van Andel, chairman, Alticor Inc.; Sanford I. Weill, Chairman Emeritus, Citigroup Inc.; Frank Zarb,...
name of French make-up artist Laura Mercier. She sold Laura Mercier to Alticor in 2006 and remained CEO until 2008. From 2009 to 2019, Gurwitch served...
Marathon Oil Paul Desmarais, Power Corporation du Canada Richard M. DeVos, Alticor Laurence D. Fink, BlackRock Charlie Fischer, Nexen Drew J. Guff, Siguler...
golfer Jim Payne, principal of Quixtar, an American company connected to Alticor James Payne, drummer for Tommy James and the Shondells James Arthur Payne...
Starbucks Corporation State of Vermont Sun Valley General Improvement District Alticor, Inc. Citizens Financial Group Eaton Corporation Enterprise Rent-a-Car...
former owner of Detroit Pistons (born in Detroit) Richard DeVos, founder of Alticor and former president of Amway (born in Forest Hills in metro Grand Rapids)...
March 2014. See, for example, Masterpiece Inc. v. Alavida Lifestyle Inc., Alticor Inc. v. Nutrative Pharmaceuticals Inc., and A&W Food Services of Canada...
Global Information
US$ 9.2 billion (2010)[3]