Stevia supplier GLG Life Tech has signed a distribution agreement for the natural sweetener in Mexico with private sugar producer Grupo Azucarero Mexico.
The firm will market and distribute GLG’s stevia extract products in Mexico under a five-year agreement, GLG announced today (16 July).
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Luke Zhang, CEO of GLG, said: “We see great market opportunity with leaders such as GAM whose experience, expertise, and leadership provide foundation and stability for long-term collaboration. The synergies between our two companies’ natural sweetener portfolios renders significant potential for the blending of stevia and sugar to create a new market category.”
The agreement is for an initial term of five years with an option to extend the period for another five years.
Grupo Azucarero Mexico will market GLG’s full line of products including the BlendSure product line, Rebpure and Rebsweet within Mexico.
GLG Life Tech announced a similar distribution agreement with sugar refiner Sugar Australia earlier this week.
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