Equity firm acquiring stake in Fortitech
September 27, 2010
NEW YORK — Trilantic Capital Partners, a private equity firm with interests in consumer, energy, financial and business services, has agreed to acquire a minority interest in Fortitech, Inc., a maker of custom nutrient premixes for the food, beverage and pharmaceutical industries. The investment is expected to allow Fortitech to continue to expand its global operations.
Based in Schenectady, N.Y., Fortitech’s premixes incorporate vitamins, minerals and amino acids for a wide range of products, including cereals, dairy products, sports drinks, juices, water and snacks.
“Trilantic’s investment provides us with the capital to help us realize our full growth potential and will support our continued expansion in global markets,” said Walter S. Borisenok, president and co-founder of Fortitech. “Our partnership with Trilantic will allow us to enhance our leadership position in the fast-growing market for fortified and functional food, beverage and pharmaceutical products.”