Lonza Group AG, based in Basel, Switzerland, has successfully placed 5.0 million new shares by way of an accelerated bookbuilding procedure with selected investors in Switzerland (private placement) and outside of Switzerland to institutional investors and qualified institutional buyers. The shares were placed at 173.00 Swiss Francs (CHF) per new...
Salt Lake City, UT — The United Natural Products Alliance (UNPA), an international trade association representing more than one hundred health product companies, announced that Applied Food Sciences (AFS), based in Austin, TX, is its newest executive member. AFS is an innovative ingredient supplier that specializes in the research and...
San Francisco, CA — A distribution agreement has been reached that will be in effect across the continent of Europe for TerraVia's AlgaVia brand of Whole Algae Ingredients and Univar, a provider of value-added services and distributor of food ingredients across Europe, Middle East and Africa. “With the accelerating growth of...
Santiago de Chile — A research study published in Nutrition found that supplementation with Alpha Linolenic Acid (ALA) from chia oil in women during gestation and nursing modified the composition of Docosahexaenoic Acid (DHA) in their breast milk. ALA is the precursor to DHA, which is crucial for brain and...
Orlando, FL. — Valensa International has reached an agreement with Algal Scientific to commercialize Algal’s PureAlgal branded ingredients which are inclusive of whole dried microalgae (Euglena gracilis) and purified beta-1, 3-glucan in human nutrition and health markets. Valensa already has existing products such as Zanthin Natural Astaxanthin Complex (extracted from...
Orlando, FL — Valensa International has announced that its Parry Organic Spirulina is Certified R.A.W. and Certified C.L.E.A.N. In addition to its raw and clean certification, Parry’s Organic Spirulina meets other quality proof statements, including USP Verified, organic certifications, Food Safety certifications, and GRAS, making it the first and only...
Washington, D.C. — On January 19, 2017, the U.S. Department of Agriculture’s (USDA) National Organic Standards Board (NOSB) recommended removing 11 substances from the National List of Allowed and Prohibited Substances for use in organic production or as ingredients or on processed products labeled as “organic.” The 11 substances include...
Mumbai, India — Indfrag Ltd., a Bangalore-based company active in health and nutrition active ingredients market, has undergone an 85% stake acquirement by OmniActive health Technologies Ltd. All products related to Indfrag’s Food and Nutrition business are included in the acquirement and definitive agreements have been entered to acquire the...
Westchester, IL — Ingredion Inc. has entered into a stock purchase agreement to acquire all outstanding shares of privately-held Tic Gums, Inc., White Marsh, MD which makes advanced texture systems for the food and beverage industry. This will complements Ingredion's expertise in starch technology, opening the door to new texture...
New York City, NY—After OmniActive Health Technologies, Inc., Morristown, NJ filed a complaint for declaratory judgment on Kemin Industries, Inc., Des Moines, IA in September and they filed a complaint against OmniActive Health Technologies, Inc. for infringing on its patents in October, the two parties now appear to have reached...
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