Evonik acquires Norwegian food ingredients manufacturer

Evonik acquires Norwegian food ingredients manufacturer

9:19 AM, 5th March 2016
Evonik acquires Norwegian food ingredients manufacturer

ESSEN, GERMANY: Evonik Industries said that it has acquired Sandnes, Norway-based MedPalett AS, a company specializing in food ingredients containing anthocyanins.

The acquisition helps Evonik expand the portfolio of its health care business line in the area of advanced food ingredients. The parties have agreed not to disclose the purchase price. Anthocyanins are known for their natural antioxidant properties. Numerous international studies suggest broad health-promoting properties including the prevention of cardiovascular disease.

“We are seeing an increase in demand for innovative food ingredients, especially those made from natural substances with scientifically proven benefits, and that’s something we want to be a part of,” said Dr Reiner Beste, chairman, management board, Evonik Nutrition & Care GmbH.

MedPalett, which previously belonged to the Norwegian Biolink Group, developed a berry extract from wild Scandinavian bilberries and black currants from New Zealand that has particularly high and stable anthocyanin content. The company manufactures the ingredient itself. For MedPalett, the integration primarily means improved access to international markets and higher R&D resources.

“We have been a partner to the food ingredients industry for decades with our high-purity amino acids. Expanding our portfolio with nutritional solutions which promote health is a logical step in the development of our health care business,” said Dr Jean-Luc Herbeaux, head, health care business line, Evonik.

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