The Hindu Business Line : EID Parry acquires 48% stake in US nutraceuticals co

“Going forward, EID Parry will be jointly managing this company with the existing promoters and professionals. EID Parry’s manufacturing and research facilities will support Valensa’s operations,” says a press release from EID Parry.

EID Parry is a leading manufacturer and exporter of Certified Organic Spirulina and carotenoids such as natural beta carotene, astaxanthin and tomato lycopene. The company is a global leader in microalgal technology and has commercialised three major microalgae sources of Nutraceuticals — Spirulina, Dunaliella salina (Source of natural beta carotene) and Haematococcus pluvialis (Source of astaxanthin). The company has drawn out plans to become a dominant player in the global carotenoids market, which has wide application in the dietary supplement, functional food and beverage sectors, the release says. “The business will leverage on its microalgal expertise and will explore partnership/alliances to meet this objective,” the release says.

EID Parry is also in the process of setting up a Life Sciences Division for developing novel formulations to address the various lifestyle diseases at IIT Madras Technology Park, Chennai. Sources in the company said it would take up 8,000 sq ft of space in the park.

Headquartered in Eustis in Florida, USA, Valensa International is a leading science-based developer, formulator and provider of high quality naturally sourced products for the nutritional supplements and functional foods industry.

Their products are offered by using supercritical CO2 extraction process. The company is a key player in the global astaxanthin market. It has good product conceptualisation skills and patent protected product formulations.

Investing in Valensa will benefit EID Parry’s Nutraceuticals business by having access to science-based product patents, extraction technology and market access to the US and EU countries.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
PowerGrid to sign up $400 m credit line from World Bank

Kirby Systems bags Rs 70-cr order for Nano project

Companies Bill to allow e-meeting of boards

Dabur acquires 72.1% stake in Fem Care for Rs 203.7 cr

Philips acquires Meditronics; to shift R&D work

EID Parry acquires 48% stake in US nutraceuticals co

Fiat India rolls out first Linea from Ranjangaon

Vikas WSP to acquire 5,000 acres in Rajasthan

Baumer Group opens wholly-owned unit in Pune

Ball Packaging puts India project on backburner

Colgate-Palmolive sells shareholding in Nepal arm

Vestas does not see any cancellation of orders