UK food company Provexis has announced the sale of its Altu food business to Go Lower Limited for a cash consideration of £75,000 (US$132,344), which will be used for working capital purposes.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The company said that the brand has recently extended its distribution, via a new pack format, in two multiple grocers, and continues to enjoy national distribution in high street and major multiple grocers. However, following a strategic review, Provexis concluded that, in order to focus on the core activity of functional foods, a disposal of the Altu business was in the best interests of the company and shareholders.


For the year ended 31 March 2005, the Altu business was loss-making, after direct overheads on turnover of £298,000, and in the year to date has continued to be loss-making. The disposal therefore will have a cash positive effect on Provexis’ business going forward, the company said.


“Provexis will now be able to focus its resources and management time on its core business: the development of novel, patented, food bioactives with scientifically-proven health benefits. These will be commercialised via a combination of licensing and own-brand functional foods,” said Dr Stephen Franklin, CEO.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now