LycoRed buys maker of beta carotene biomass
July 27, 2012
by Jeff Gelski
BEER SHEVA, ISRAEL – LycoRed has acquired Vitan Ltd., which is based in Ukraine and is a producer of beta carotene biomass and other types of carotenoid biomass. Beta carotene biomass is a raw material used in products for applications in food, food fortifications and dietary supplements.
“Vitan will add value to LycoRed, providing us unique access to sourcing and improving our ability to compete in the natural carotenoids global market place,” said Morris Zelkha, chief executive officer of LycoRed.
LycoRed, known as a provider of lycopene ingredients, has regional facilities in the United States, Europe, China and Israel.