US food ingredients firm Corn Products International has announced that it has acquired a 75% stake in Golden, Colorado-based GTC Nutrition.
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GTC supplies a variety of short-chain fructooligosaccharides (scFOS) and other ingredients for the food and animal nutrition industries. The ingredients, which are sold under the trade names NutraFlora, CalciLife, Natureal, Xylitol and FortiFeed, are used in a variety of products including beverages, soy products, dairy products, baked goods, medical foods, nutritional supplements, sugar confectionery, mints, chewing gums, and animal foods and feeds.
Sam Scott, chief executive officer of Corn Products International, said the acquisition supports the company’s aim to become a premier ingredient provider. Terms of the transaction were not disclosed.
As part of the agreement, Corn Products International has entered into a technical licensing agreement with Japan’s Meiji Seika Kaisha, giving Corn Products International access to the technology to produce scFOS.
A new manufacturing channel will be installed at one of Corn Products International’s Canadian facilities to produce scFOS. The channel is currently scheduled to begin operation by the end of 2005, the company said.
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