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.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“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.”
