Stevia supplier finds partner for U.S., Europe
October 26, 2010
by Jeff Gelski
VANCOUVER, B.C. — GLG Life Tech Corp. and ChemPoint.com Inc. have formed a partnership under which ChemPoint will provide marketing, sales and order fulfillment, as well as technical support and expertise, for GLG Life Tech’s portfolio of stevia extracts within the United States and Europe.
GLG Life Tech, Vancouver, will establish ChemPoint as the exclusive supplier of stevia extract products for the high-value tier three and tier four customers in the U.S. and European food and beverage industry. The agreement, a three-year initial term, has an automatic renewal provision for additional years subject to certain conditions. Stevia extracts are natural, no-calorie sugar substitutes.
“ChemPoint’s innovative technological approach to working with customers is impressive and demonstrates their commitment to effective, personal service,” said Luke Zhang, chairman and chief executive officer of GLG Life Tech. “ChemPoint is able to deliver valuable technical solutions, strategic marketing and customer support, which will allow GLG to better service its customers.”