LycoRed Group Acquires Vitan, Strengthening its Leadership Position in the Global Natural Carotenoids Market
BEER-SHEVA, Israel, July 26, 2012 /PRNewswire/ –
LycoRed [http://www.lycored.com/web/content ] announces the acquisition of Vitan Ltd.
based in the Dnepropetrovsk area of Ukraine. Vitan, founded in 2002, uses a unique,
ecologically pure technology based on the use of an industrial microorganism, the
blakeslea trispora fungus, which is a producer of natural carotenoids. Vitan’s expertise
is in fermentation of blakeslea trispora to produce beta carotene biomass and other types
of carotenoid biomass.
“We are excited to add Vitan to the LycoRed family,” says Morris Zelkha, CEO of
LycoRed. “Vitan will add value to LycoRed, providing us unique access to sourcing and
improving our ability to compete in the natural carotenoids global marketplace.”
Vitan is a global leader in beta-carotene biomass. Beta-carotene biomass is an
essential raw material for production of beta-carotene-based products for various
applications in food, food fortifications and dietary supplements. The biomass is a
“LycoRed, which is famous for leading the natural lycopene worldwide, will now have
also a clear advantage offering natural beta carotene and being a fully
backward-integrated manufacturer for natural colors, beadlets for dietary supplements and
more, offering stability and quality throughout its supply chain,” added Zelkha.
LycoRed is a science-based company with regional facilities in the U.S., Europe, China
and Israel. It supplies natural carotenoids and a wide range of other natural nutritional
and colouring ingredients to the dietary supplement, functional food & beverage and
nutricosmetic industries worldwide.
For more information please contact: Shai Givon CFO LycoRed Website http://www.lycored.com Email: email@example.com Tel: +972-732327508
SOURCE LycoRed Ltd.