Nutritional ingredient company LycoRed has announced it will enter the vitamin and mineral premix arena through the acquisition of a production facility in New Jersey.
The company already leads the European premixes market, with a portfolio of carotenoid brands, natural food colorants and fortification technologies.
LycoRed president and CEO of LycoRed Morris Zelkha said: “Part of our global strategy is to enter the fortification market in the US with a wide array of innovative solutions for all aspects of the nutritional and food industries.
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“We will utilise the know-how and technology developed by LycoRed throughout the world to create new opportunities to expand our market share in the food and beverage fortification and colouring markets.”
