October 16, 2008

Danisco Signs Cooperation Agreement With Coressence

Danisco, a manufacturer of food ingredients and sugar, has signed a long term cooperation agreement with UK-based Coressence to gain exclusive rights for certain apple-based ingredients, to be marketed under the brand name Evesse.

According to Danisco, the first sales are expected to occur in 2011, initially targeting the dietary supplements market but will develop into food and beverages. The markets outside of Asia, particularly the US and Europe, are of special interest to Danisco as the growth potential here is extensive.

Fabienne Saadane-Oaks, president of Danisco Bio Actives, said: "This product is particularly strong in cardiovascular health which is one of our key strategic health platforms. We are a leading player in the world market for health promoting ingredients and our customers continue to request new ingredients with health claims based on sound science."

Richard Wood, CEO of Coressence, said: "Coressence has been engaged for the last five years in developing the production of high yielding polyphenol extraction from specially selected and protected apple varieties. The long term collaborative agreement with Danisco for Evesse in the food ingredients market is a key part of our program. As a result, we will build on the special patented technology, developed for the first stage of our licensed agreement and create second generation technology formats, all of which can be added to food based products."