Sherbrooke, QC, Canada—Neptune Technologies & Bioressources Inc., which suffered the loss of its krill oil production plant and three employees in November due to an explosion and fire, says its new plant will be up and running within six to nine months. At this time, krill oil production is said to be “significant,” in sharp contrast to an investment Web site’s speculation of “meaningful” production beginning in 2014.
North Bergen, NJ—A collaboration between two powerful supplement chains has been held up by the U.S. Federal Trade Commission (FTC). The Vitamin Shoppe, based here, announced in mid-December it planned to buy Super Supplements, Inc. of Seattle, WA for a cool $50 million in cash.
Kissimmee, FL—The Southeast Natural Products Association’s 2012 President’s Award was given to Greg Leonard, executive vice president of independent retail sales for Tree of Life (the business unit of KeHE Distributors, based in Romeoville, IL). Leonard received the award at the 2012 Southeast Natural Products Association Show (SOHO) held here in early December. The award is intended to honor industry members or companies that have “made long-time and notable contributions to the industry above and beyond commercial success.”
Auckland, New Zealand—Maybe that ban on large sodas implemented in New York City isn’t necessary; just tax them, and people will buy them less. So says a new paper published in PLoS Medicine, which also found that making healthy foods like fruit cheaper will increase their intake among consumers.
Allendale, NJ—Researchers from Kurfürstendamm and Analyze & Realize ag in Germany published a new study in Food and Nutrition Sciences showing that a branded prebiotic fiber is safe and well tolerated.
Migdal HaEmeq, Israel—Calcified Tissue International just published a study from Meir Medical Center in Israel (sponsored by Enzymotec, with global headquarters, here) that indicates a branded ingredient may support bone strength in infants.
Rockville, MD—The U.S. Food and Drug Administration (FDA) is asking for input on threshold levels for all eight major food allergens (milk, eggs, fish, shellfish, tree nuts, wheat, peanuts and soybeans).
There are things business executives can do to try to stay off the radar and protect themselves against the growing risk of class action litigation. Here are five tips for protecting your company against class action litigation.